Blnk raises USD 37.1 mn to scale its consumer finance operations

Local point-of-sale fintech Blnk raised USD 37.1 mn in equity and debt to scale its consumer finance operations, according to a statement (pdf). The round includes USD 12.5 mn in Series A equity and USD 24.6 mn in debt facilities. Co-founder and CEO Amr Sultan said he preferred not to disclose the valuation when asked by EnterpriseAM. The transaction was an up-round from the startup’s 2022 seed raise.

The money is staying local. “Expanding outside Egypt is not the primary focus right now,” Sultan says. Instead, the fresh funds will be used to grow Blnk’s loan portfolio, invest in its tech stack, and develop new products, including a new debit card program. The program will need to be launched through a partner bank, though Sultan did not disclose which banks the firm is negotiating with.

No securitization this year: Blnk repaid its 2022 securitized bond in full ahead of maturity and does not plan to take another issuance to market in 2026. “When the company needs liquidity and the timing is right, we will use it,” Sultan notes.

The growth story: Since its launch in 2021 by Sultan (LinkedIn) and Tarek Elsheikh (LinkedIn), Blnk has onboarded over 1 mn customers and surpassed an EGP 1 bn loan portfolio. The company reached profitability last year following a 173% y-o-y revenue jump.

REMEMBER- Blnk’s new funding comes as NBFIs face tighter regulatory oversight. The country’s consumer-finance sector surged 57% y-o-y to EGP 96.3 bn in 2025, though the rapid expansion has sparked industry debate over consumer credit risks and subprime borrowing. In response, the Central Bank of Egypt tightened oversight on commercial bank lending to NBFIs, requiring non-bank lenders to actively report customer data to the Egyptian Credit Bureau (I-Score) to maintain their credit facilities.

Participants: Algebra Ventures led the equity round, joined by the Sanad Fund, Endeavor Catalyst, and returning investor Emirates International Investment. The debt syndicate included National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, and BM Lease.