Arab Finance: Egypt-based fintech Blnk has bagged $37.1 million in fresh funding, bringing together $12.5 million in Series A equity financing and $24.6 million in debt facilities to support the expansion of its consumer financing platform.

The equity portion of the round was led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company, which previously invested in the company.

Alongside the equity financing, Blnk secured debt facilities from a group of local banks and non-bank financial institutions, including National Bank of Egypt (NBE), Suez Canal Bank, Al Baraka Bank Egypt, Corplease, GlobalCorp, and BM Lease, among others.

The new capital will be directed toward scaling its consumer finance operations in Egypt, broadening its product portfolio, enhancing its technology capabilities, exploring expansion into new markets, and launching a credit card program that will allow customers to use approved credit limits outside its existing merchant network.

The funding comes as Egypt's consumer finance market continues to grow. According to the Financial Regulatory Authority (FRA), the sector reached EGP 96.3 billion in 2025, up 57.1% year-on-year (YoY). At the same time, access to formal credit remains limited, with fewer than 5% of adults estimated to have access to formal lending products and only 3.9% of women using credit cards or online lending tools.

Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk operates a point-of-sale financing platform designed to connect consumers with credit at the moment of purchase. Through a merchant network of more than 3,000 locations, customers can access financing for products and services across categories, including electronics, household appliances, furniture, and automotive services, with repayment periods ranging from six to 36 months.

A central component of Blnk's model is its proprietary underwriting infrastructure. The company uses AI and machine learning models to analyze localized data and generate real-time probability-of-default predictions, enabling instant credit decisions and risk-based pricing at the point of sale.

The company said its financing process requires limited documentation and can provide customers with access to credit within minutes. Blnk added that its approach is intended to serve segments that have historically had limited access to traditional lending products, particularly women and underbanked consumers.

Since raising its seed funding in 2022, Blnk has grown to more than one million customers and built a loan portfolio exceeding EGP 1 billion. According to the company, approximately 75% of its customers were previously unbanked or underserved, while more than 35% are women.

Blnk also reported reaching profitability in 2025, supported by a 173% increase in revenue YoY.