Egyptian fintech Blnk has raised 37.1 million dollars to widen its point-of-sale lending business, combining 12.5 million dollars of Series A equity with 24.6 million dollars of local debt. Algebra Ventures led the equity round, with the SANAD Fund for MSME, Endeavor Catalyst and Emirates International Investment Company also taking part, according to Wamda.
The debt facilities came from a group of Egyptian lenders including the National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp and BM Lease. Blnk plans to use the money to broaden its product range, build out its technology, study regional expansion and launch a credit card programme.
An AI underwriting engine at the till
Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk offers instant consumer financing at the checkout through a network of more than 3,000 merchants selling electronics, appliances, furniture and automotive services. Shoppers can apply in about three minutes and repay over six to 36 months.
The lender leans on proprietary machine learning rather than static credit scores. Its models build what the company calls dynamic, data-driven risk maps and produce real-time probability-of-default estimates, which it says outperform traditional methods. That approach lets Blnk extend credit to customers most banks never assess.
Financial inclusion as the headline
Blnk says it has onboarded more than one million customers and built a loan book above 1 billion Egyptian pounds. About 75 percent of its borrowers were previously unbanked or underserved, and more than a third are women. The company reports revenue growth of 173 percent year on year and says it reached profitability in 2025.
The round builds on a 32 million dollar seed package raised in November 2022, as TechCabal reported. For Egypt, where consumer credit penetration remains low, an AI-led lender reaching profitability while serving underserved borrowers is a notable proof point. The next test is whether Blnk can carry that model into other markets without loosening its risk discipline.
