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Egyptian FinTech Blnk has closed a $37.1 million funding round, combining $12.5 million in Series A equity and $24.6 million in local debt facilities. The point-of-sale financing startup will use the funding to scale its consumer finance operations and deepen financial inclusion across Egypt, with a particular focus on women and underbanked populations.
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 EIIC had previously backed the company’s seed round, signalling continued confidence in Blnk’s trajectory.
On the debt side, financing was provided by a group of local banks and non-bank financial institutions, including the National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, and BM Lease.
“We’re proud to have secured the backing of some of the most respected investors in the region and beyond for this round of funding. Their continued belief in our mission is a powerful endorsement of what we’re building at Blnk,” said Amr Sultan, CEO and co-founder of Blnk.
The company plans to use the funding to expand its product offering, enhance its technology stack, explore regional expansion, and launch a credit card programme, which will enable customers to utilise their credit limits beyond Blnk’s existing merchant network
Founded in 2021 by Sultan and Tarek Elsheikh, Blnk provides AI-powered consumer financing solutions through a network of more than 3,000 merchants. Its proprietary algorithms enable loan underwriting and booking at the point of sale in as little as three minutes, with financing tenors ranging from 6 to 36 months across categories including electronics, household appliances, automotive services, and furniture
Since its seed round in 2022, the company has onboarded over one million customers and surpassed an $19.15 million (EGP 1 billion) loan portfolio. Notably, 75 per cent of its user base was previously unbanked or underserved, and over 35 per cent are female. Blnk reached profitability in 2025, driven by a 173 per cent year-on-year revenue increase.
“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,” added Sultan.
“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,” said Karim Hussein, Managing Partner at Algebra Ventures.
Sandra Rohleder, Chairperson of the Board of Directors of SANAD Fund for MSME, 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.”
According to the Financial Regulatory Authority (FRA), Egypt’s consumer finance sector reached EGP 96.3 billion ($2.0 billion) in 2025, up 57.1 per cent year-on-year. Yet, fewer than an estimated 5 per cent of adults have access to formal credit, and only 3.9 per cent of women use credit cards or online lending tools, a gap that Blnk is explicitly targeting.
Beyond Egypt, Blnk is looking to expand regionally, positioning itself as a benchmark for digital consumer financing across the broader Middle East and North Africa. The company previously raised $32 million in a mix of equity and debt funding in 2022, making this latest round a significant step up in both scale and strategic intent.
