The round, led by Algebra Ventures, combines $12.5 million in equity with $24.6 million in local bank debt, after Blnk crossed EGP1 billion in loans and reached profitability in 2025
Egyptian point-of-sale financing fintech Blnk has raised $37 million in a mixed debt and equity round, with equity led by Algebra Ventures and backed by SANAD Fund for MSME, Endeavor Catalyst and Emirates International Investment Company, alongside $24.6 million in debt facilities from local banks.
Blnk’s underwriting model uses AI to assess hyper-local risk variables, allowing consumers to access financing of 6 to 36 months at the point of sale in around three minutes with minimal documentation. Its machine learning models generate real-time probability-of-default predictions, enabling instant, risk-based credit decisions. The financing is available across more than 3,000 merchant locations spanning electronics, appliances, automotive services and furniture.
Since its November 2022 seed round, Blnk has onboarded over one million customers and surpassed EGP1 billion in loans, with 75% of its user base previously unbanked or underserved and over 35% female. The company turned profitable in 2025 on the back of 173% year-on-year revenue growth.
The new funding will support technology expansion, new product development, geographic expansion and the launch of a credit card programme that would let customers use credit beyond Blnk’s existing merchant network, a step that would shift the company from a point-of-sale lender toward a broader consumer credit provider.
“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,” said Amr Sultan, CEO and co-founder of Blnk.