Egyptian-led MidLyr has raised USD 2.5 million in pre-seed funding to reshape how banks and fintechs manage operations, compliance, and risk. The round was led by Silicon Badia, with participation from Wedbush Ventures, Hustle Fund, DCG, and Story Ventures.
Founded by Wael Elsahhar, an Egyptian entrepreneur, and Ruochen Ren, MidLyr is building an AI infrastructure platform that brings intelligence, compliance, and automation into the core of financial institutions.
Redefining Financial Operations Through AI
MidLyr addresses one of the most critical challenges in finance — manual, rigid workflows that slow operations and increase risk. The company aims to change that by introducing AI-driven, compliant automation that integrates with regulatory and operational systems.
Its platform focuses on:
- AI agents trained to follow financial regulations and policies.
- Intelligent automation tools that adapt to data in real time.
- Compliance alignment, ensuring every automated decision meets institutional standards.
- Operational transparency, giving financial teams full visibility and control.
“Financial institutions deserve intelligent and compliant tools that make their work faster, safer, and more transparent,” said Wael Elsahhar, Co-Founder and CEO of MidLyr. “Our goal is to give operators the tools they need to serve customers better and reduce risk.”
Strategic Investment and Industry Confidence
Lead investor Silicon Badia highlighted MidLyr’s unique position at the intersection of AI and finance.
“MidLyr combines deep technical expertise with a strong understanding of financial operations. That’s exactly what it takes to build enduring infrastructure in this space,” said Namek Zu’bi, Founder and Managing Partner at Silicon Badia.
The investment reflects growing confidence in MENA’s AI and fintech potential. It now has global investors recognizing the value of Egypt’s emerging technology talent.
Expanding Across Egypt, the US, and MENA
With fresh funding, MidLyr plans to accelerate product development and deepen collaborations with design-partner banks and fintechs. The company is also expanding its hiring efforts across multiple domains, including:
- Engineering and product design
- Data science and AI research
- Regulatory compliance and risk management
Elsahhar added, “We’re building across the US and the Middle East, betting on the depth of regional engineering and data science talent as our long-term advantage.”
This expansion positions MidLyr to play a vital role in modernizing how financial institutions across Egypt and the wider Middle East adopt compliant, intelligent automation.
A New Foundation for Financial Infrastructure
MidLyr’s vision goes beyond automation. It aims to build a new foundation for financial systems — one that merges human expertise with AI precision, compliance, and agility. By doing so, it offers banks and fintechs a smarter way to manage operations and unlock growth.