Khalid Ashmawy
| Khalid Ashmawy | |
| Occupation | Entrepreneur, software engineer |
|---|---|
| Known for | Founder & CEO of Munify |
| Education | Harvard Business School, ETH Zürich |
Khalid Ashmawy is an Egyptian entrepreneur and software engineer who is the founder and CEO of Munify, a cross-border neobank serving the Egyptian diaspora and the broader Middle East. The company was part of Y Combinator's Summer 2025 batch and has raised seed funding to build digital banking infrastructure for Egyptians living abroad.[1]
Career
Before founding Munify, Ashmawy held several roles in the technology industry. He worked as a software engineer at Microsoft, where he focused on cloud computing infrastructure and security. He subsequently joined Uber as a Senior Tech Lead Manager, where he launched a product internationally. During his time at Uber, he contributed to engineering work related to self-driving car development.[2] Ashmawy was also co-founder and chief technology officer of Huspy, a technology company focused on the home buying process.
Ashmawy attended Harvard Business School and ETH Zürich.[3]
The idea for Munify originated from Ashmawy's personal experience of difficulty sending money home while studying in Europe. He founded the company to address the financial challenges faced by Egyptians living abroad, particularly around cross-border transfers and access to banking services.[4]
Munify initially raised $3 million in a seed round led by Y Combinator, with participation from BYLD and DCG.[5] The company subsequently closed a $4.5 million seed round with additional backing from White Star Capital and Rebel Fund. In November 2025, Munify secured in-principle approval for a license in the United Arab Emirates from the Dubai Financial Services Authority (DFSA), as part of its expansion across the MENA region.[6]
The company is based in Egypt and operates as a digital banking platform designed to facilitate remittances, currency exchange, and other financial services for Egyptians worldwide.[7]
References
- ↑ "Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora". 'TechCrunch}'. Retrieved 2026-03-19.
- ↑ "Searchable Ground Truth: Querying Uncommon Scenarios in Self-Driving Car Development". 'Uber}'. Retrieved 2026-03-19.
- ↑ "Khalid Ashmawy — Co-Founder at Huspy". 'The Org}'. Retrieved 2026-03-19.
- ↑ "Khalid Ashmawy Eases Cross-Border Transfers for Egyptians Abroad". 'We are Tech}'. Retrieved 2026-03-19.
- ↑ "Munify Secures $3 Million to Build a Digital Bank for Egyptians Worldwide". 'TechAfrica News}'. Retrieved 2026-03-19.
- ↑ "Munify Secures In-Principle Approval for License in UAE from DFSA, Accelerating its MENA Expansion". 'EIN Presswire}'. Retrieved 2026-03-19.
- ↑ "Munify". 'Munify}'. Retrieved 2026-03-19.