Blnk, an Egyptian fintech that enables consumers to request loans during point-of-sale (PoS) checkouts, has raised $37.1 million in equity and debt financing to expand its lending to consumers with little or no formal access to credit.
The raise includes a $12.5 million Series A equity round led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and existing investor Emirates International Investment Company. Blnk also secured $24.6 million in local currency debt facilities from banks and non-bank financial institutions (NBFIs), including National Bank of Egypt, Suez Canal Bank, and Bank Al Baraka Egypt.
Blnk said it will use the new funding to expand its lending products, strengthen its technology, and explore growth beyond its current markets.
The funding comes as consumer lenders race to serve millions of Egyptians who remain outside the formal credit system. As of June 2025, about 16.7 million Egyptian adults had no formal access to credit and other banking services. Consumer lending products like Blnk are aiming to lower the entry barrier for this segment to unlock credit access faster, without requiring a formal banking relationship, proof of income, or a credit history.
