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2 weeks agoMicrosoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora | TechCrunch
Khalid Ashmawy remembers the first time he wired money home while studying in Europe. He had just received his monthly stipend as a master's student in Stuttgart and wanted to send part of it back to his family in Cairo. It was usually a slow and expensive process, he recalled. A $400 wire transfer, for instance, could cost $40 in fees and take three business days to arrive.
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