Blnk Raises $37 Million to Fuel Financial Inclusion Through POS Credit

Egypt’s leading fintech company, Blnk, has announced a successful funding round totaling $37 million. This includes $12.5 million in equity and $24.6 million in local debt facilities, which will be used to expand its point-of-sale (POS) consumer financing services across the country.

Blnk’s platform utilizes AI-powered technology to enable merchants to offer instant credit to customers at the POS, effectively extending purchasing power for consumers and providing a new revenue stream for businesses. The company has seen rapid growth since its inception in 2021, already onboarding over 1 million customers with a loan portfolio exceeding EGP 1 billion ($19.25 million).

The Series A equity round was led by Algebra Ventures, joined by SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC), which initially backed Blnk’s seed funding.

Debt financing came from multiple local banks including Suez Canal Bank, Bank Albaraka, and National Bank of Egypt, as well as non-bank financial institutions like Corplease, Globalcorp, and BM Lease. This diversified funding approach demonstrates broad confidence in Blnk’s business model and growth potential.

“We’re thrilled to have secured the support of leading investors who share our vision for financial inclusion,” said Amr Sultan, CEO and co-founder of Blnk. “This funding will allow us to reach millions more consumers with flexible financing options while strengthening our partnerships with merchants across Egypt.” Karim Hussein from Algebra Ventures added that Blnk’s ability to serve underserved populations responsibly positions it as a category leader in the Egyptian consumer finance market.

The new capital will be used to expand product offerings, onboard additional merchants, and focus on reaching women and underbanked communities—groups often excluded from traditional credit systems.