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Blnk, the Cairo-based point-of-sale consumer financing fintech, has raised $37.1 million, comprising $12.5 million in Series A equity funding and $24.6 million in local debt facilities.
The equity round was led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC), the Abu Dhabi-based investor that backed Blnk's seed round. The debt financing came from a group of local banks including the National Bank of Egypt, Suez Canal Bank and Bank Albaraka, alongside non-bank financial institutions Corplease, Globalcorp and BM Lease.
Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk provides consumer financing at the point of sale through a network of more than 3,000 merchants spanning electronics, household appliances, automotive services and furniture. Customers can access financing of 6 to 36 months in around three minutes with minimal documentation, with underwriting handled by proprietary AI models that analyse hyper-local variables to generate real-time probability-of-default predictions and risk-based pricing.
Since its November 2022 seed round, the company has onboarded more than one million customers and built a loan portfolio exceeding EGP 1 billion. According to Blnk, 75% of its user base was previously unbanked or underserved, and over 35% are women. The company reached profitability in 2025, fuelled by a 173% year-on-year revenue increase. Blnk previously raised $32 million in equity and debt in 2022.
The new funding will go toward expanding the product offering, extending the technology stack, exploring regional expansion, and launching a credit card programme that allows customers to spend their credit limit beyond Blnk's merchant network.
Egypt's consumer finance sector reached EGP 96.3 billion ($2.0 billion) in 2025, up 57.1% year-on-year according to the Financial Regulatory Authority, though fewer than an estimated 5% of adults have access to formal credit and only 3.9% of women use credit cards or online lending tools.
The raise lands in a busy week for Egyptian fintech, with the National Bank of Egypt, a debt provider to Blnk, also taking its first equity position in the sector's largest player through Al Ahly Capital, which led the round valuing MNT-Halan at $1.4 billion. Algebra Ventures, which led Blnk's Series A, was also an early backer of MNT-Halan.
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