Egyptian fintech company Blnk has reached a new milestone. The company specialized in point of sale financing (POS financing) announced on June 8 a combined raise of $37.1 million, consisting of $12.5 million in equity and $24.6 million in local debt financing.
The Series A funding round was led by Algebra Ventures, with participation from the SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC). On the debt side, several Egyptian financial institutions participated in the operation, including Suez Canal Bank, Bank Albaraka, National Bank of Egypt, Corplease, Globalcorp, and BM Lease.
Founded in 2021, Blnk aims to accelerate financial inclusion in Egypt through AI-based risk analysis technology. Its model allows consumers to obtain credit in minutes directly at the point of sale, with repayment terms ranging from 6 to 36 months.
The company claims to have over a million customers, a loan portfolio exceeding one billion Egyptian pounds, and a revenue growth of 173% in 2025, the year in which it achieved profitability. According to the company, 75% of its users were previously unbanked or underbanked, while over 35% are women.
This operation comes as the Egyptian consumer financing market is experiencing strong growth. According to the Egyptian Financial Regulatory Authority (FRA), the sector reached 96.3 billion Egyptian pounds in 2025, up 57.1% year-on-year.
With this new capital, Blnk plans to strengthen its technological capabilities, launch a credit card program, expand its product range, and explore new markets beyond Egypt.
