Egyptian fintech startup Blnk has secured $37.1 million in a combination of equity and debt financing, marking a significant milestone in its mission to expand access to consumer credit across Egypt. The funding round comes as millions of Egyptians remain outside the formal financial system, creating a large opportunity for innovative lending platforms focused on financial inclusion. (TechCabal)
The new capital includes a $12.5 million Series A equity investment led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company. In addition, Blnk secured $24.6 million in debt facilities from several Egyptian banks and non-bank financial institutions, including the National Bank of Egypt, Suez Canal Bank, and Bank Al Baraka Egypt. (TechCabal)
Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk provides point-of-sale financing that allows consumers to obtain loans directly at checkout when purchasing products such as electronics, furniture, household appliances, and automotive services. Customers can receive financing approvals in just a few minutes and repay loans over periods ranging from six to 36 months. (TechCabal)
The company has built a network of more than 3,000 merchants across Egypt and has already served over one million customers. According to Blnk, around 75% of its customers had never previously accessed formal credit, highlighting the company’s role in bringing underserved consumers into the financial system. More than 35% of its users are women, further supporting broader financial inclusion goals. (TechCabal)
Blnk relies on artificial intelligence and machine-learning models to assess creditworthiness, enabling it to lend to customers who may lack traditional credit histories or formal proof of income. This technology-driven approach has helped the company maintain profitability while expanding its loan portfolio, which now exceeds EGP 1 billion. The startup reported a 173% year-over-year increase in revenue and achieved profitability in 2025. (TechCabal)
The fresh funding will be used to enhance Blnk’s technology platform, expand its lending products, launch a credit card program, and explore opportunities beyond Egypt. As demand for consumer financing continues to grow, Blnk aims to play a leading role in bridging the country’s credit gap and bringing millions more consumers into the formal economy. (FinTech Global)
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