Blockchain fintech company Munify completes $3 million seed round financing
Jinse Finance reported that Egyptian blockchain fintech company Munify has announced the completion of a $3 million seed round, with strategic investment from BYLD, Digital Currency Group (the parent company of Grayscale), and others. The company leverages blockchain technology to provide individuals and businesses with multi-currency instant sending and receiving services, and has launched a stablecoin-backed virtual card. Currently, its business covers the United States, the United Kingdom, Europe, and Gulf Cooperation Council (GCC) member states. The new funds will be used to expand into other markets and grow the compliance team.
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