Egyptian fintech startup Blnk has secured a total of $37.1 million in fresh funding, combining $12.5 million in Series A equity and $24.6 million in local debt facilities, as it looks to scale its point-of-sale financing solutions and deepen financial inclusion in the country.
The equity round was led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst and Emirates International Investment Company (EIIC), which also backed the company at the seed stage. On the debt side, Blnk attracted support from major Egyptian financial institutions including Suez Canal Bank, Bank Albaraka and National Bank of Egypt, alongside non-bank financial institutions such as Corplease, Globalcorp and BM Lease.
Speaking on the funding, CEO and co-founder Amr Sultan said the round marks a major milestone for the company’s growth ambitions.
“This new round of funding positions us to strengthen our profitability—expanding our reach, diversifying our offerings, and doubling down on our commitment to unlocking financial access for millions of consumers in Egypt and beyond.”
Blnk is building a consumer finance model designed to bring credit closer to underserved populations, particularly women and unbanked consumers. Through its proprietary underwriting algorithms, the company enables customers to access financing at the point of sale in as little as three minutes, with minimal documentation.
The platform offers flexible repayment periods ranging from six to 36 months and is currently integrated across more than 3,000 merchant locations spanning electronics, appliances, automotive services, and furniture.
Blnk plans to use the new funding to expand its product offering, enhance its technology stack and explore geographic expansion opportunities. The company is also preparing to launch a credit card product that will allow users to access their credit limits beyond its merchant network.
Karim Hussein, Managing Partner at Algebra Ventures, said, “Blnk’s ability to serve the underserved, particularly unbanked and underbanked consumers, while maintaining disciplined credit management, positions them as a category-defining player in Egypt’s consumer finance space. We’re excited to back them as they scale into new verticals and beyond.”
Meanwhile, SANAD Fund Chairperson Sandra Rohleder said, “Blnk is redefining what financial inclusion looks like in emerging markets. Their ability to combine instant, point‐of‐sale lending with sophisticated risk‐assessment technologies has unlocked a completely new credit pathway for millions of underserved consumers.
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