Egyptian fintech Blnk has secured $37.1 million in a mixed funding round to scale its point-of-sale financing operations across the country. The round consists of $12.5 million in Series A equity and $24.6 million in local debt facilities, aimed at expanding access to consumer credit for a largely underserved population.
Algebra Ventures Leads Investor Lineup
The Series A equity round was led by Algebra Ventures. It also saw participation from the SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC), which had previously backed Blnk’s seed round.
The debt financing was secured from a syndicate of local financial institutions, including the National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, and BM Lease.
Amr Sultan, CEO and Co-founder of Blnk, commented on the investment, “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.”
AI-Powered Financing at the Checkout
Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk offers instant consumer loans at the point of sale. Using proprietary AI algorithms, the company can underwrite and approve financing in as little as three minutes with minimal documentation.
These financing solutions are available across its network of over 3,000 merchant stores, which include electronics, furniture, and automotive services. Customers can access repayment plans ranging from 6 to 36 months. With the new capital, Blnk intends to enhance its technology, expand its product line, explore regional growth, and launch a credit card program that will allow users to spend beyond its merchant network.
Karim Hussein, Managing Partner at Algebra Ventures, said, “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.”
Tackling Egypt’s Massive Credit Gap
Blnk operates in a consumer finance market that reached EGP 96.3 billion ($2.0 billion) in 2025, a 57.1% year-on-year increase, according to Egypt’s Financial Regulatory Authority.
Despite this growth, significant structural gaps persist. Fewer than 5% of Egyptian adults have access to formal credit, and only 3.9% of women use credit cards or online lending tools. Blnk aims to address this disconnect by providing accessible credit pathways, particularly for women and unbanked individuals.
Sandra Rohleder, Chairperson of the Board of Directors of SANAD Fund for MSME, noted, “What impressed us most is their execution: the team has scaled to over one million onboarded customers, reached profitability, and delivered industry‑leading risk prediction capabilities that materially outperform traditional models. We believe Blnk is uniquely positioned to close Egypt’s deep credit access gap.”
From Seed Round to Profitability
Since its last funding round in 2022, Blnk has onboarded over one million customers and grown its loan portfolio beyond EGP 1 billion. The company reports that 75% of its user base was previously unbanked or underserved, with women making up over 35% of its customers.
Driven by a 173% year-on-year revenue increase, Blnk achieved profitability in 2025, demonstrating strong unit economics alongside its mission of financial inclusion.
About Blnk
Founded in 2021, Blnk is an Egyptian fintech company that provides AI-powered, point-of-sale financing solutions. It enables consumers to access instant credit at a network of over 3,000 merchant stores across Egypt, with a focus on serving unbanked and underbanked populations.