Blnk, an Egyptian FinTech corporate offering point-of-sale shopper financing, has raised $37m in mixed fairness and debt investment to scale its operations and deepen monetary get admission to for underserved populations, together with ladies and the unbanked.
In keeping with Wamda, the lift contains $12.5m in a Sequence A fairness spherical led by way of Algebra Ventures, with SANAD Fund for MSME, Enterprise Catalyst, and Emirates World Funding Corporate (EIIC) additionally taking part. The Abu Dhabi-based EIIC had up to now supported the corporate at seed degree.
Debt financing of $24.6m was once sourced from a number of main native establishments, together with Suez Canal Financial institution, Financial institution Albaraka and Nationwide Financial institution of Egypt, along non-bank monetary establishments (NBFIs) akin to Corplease, Globalcorp and BM Rent.
Blnk intends to make use of the proceeds to increase its generation features, increase its product vary, discover enlargement into new geographies and release a bank card programme. The cardboard product will permit consumers to make use of their credit score prohibit past Blnk’s current service provider community, which lately spans greater than 3,000 retail outlets throughout electronics, family home equipment, automobile services and products, furnishings and different classes.
The corporate’s platform allows shoppers to use for financing in as low as 3 mins with minimum documentation. Mortgage phrases vary from six to 36 months and are processed the use of proprietary algorithms in a position to fast underwriting and mortgage reserving on the level of sale. Blnk additionally deploys specialized gadget studying fashions to generate real-time chance of default predictions, supporting immediate credit score choices and risk-based pricing. Its broader means replaces static credit score overview with dynamic, data-driven menace mapping that pulls on hyper-local variables.
Blnk operates in a marketplace the place structural get admission to gaps persist regardless of a all of a sudden increasing shopper finance sector. Egypt’s shopper finance marketplace reached EGP 96.3bn ($2.0bn) in 2025, a 57.1% year-on-year build up in line with the Monetary Regulatory Authority. But fewer than an estimated 5% of adults dangle get admission to to formal credit score, and simply 3.9% of ladies employ bank cards or on-line lending equipment, highlighting the disconnect between account possession and significant participation in formal lending.
Since finishing its seed spherical in November 2022, Blnk has onboarded multiple million consumers and constructed a mortgage portfolio surpassing EGP 1bn. More or less 75% of its customers had been up to now unbanked or underserved, and over 35% are feminine. The corporate reached profitability in 2025, supported by way of earnings expansion of 173% year-on-year.
Blnk CEO and co-founder Amr Sultan stated, “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. 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.”
Buyers
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