{"id":708995,"date":"2026-06-10T00:00:00","date_gmt":"2026-06-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=708995"},"modified":"2026-06-10T02:43:30","modified_gmt":"2026-06-10T02:43:30","slug":"blnk-raises-usd-37-1-mn-to-scale-its-consumer-finance-operations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/10\/blnk-raises-usd-37-1-mn-to-scale-its-consumer-finance-operations\/","title":{"rendered":"Blnk raises USD 37.1 mn to scale its consumer finance operations"},"content":{"rendered":"

Local point-of-sale fintech <\/strong>Blnk<\/a><\/strong> raised USD 37.1 mn in equity and debt to scale its consumer finance operations<\/strong>, according to a statement (pdf)<\/a>. 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\u2019s 2022 seed raise<\/a>.<\/p>\n

The money is staying local. <\/strong>\u201cExpanding outside Egypt is not the primary focus right now,\u201d Sultan says. Instead, the fresh funds will be used to grow Blnk\u2019s 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.<\/p>\n

No securitization this year:<\/strong> Blnk repaid its 2022 securitized bond in full ahead of maturity and does not plan to take another issuance to market in 2026. \u201cWhen the company needs liquidity and the timing is right, we will use it,\u201d Sultan notes.<\/p>\n

The growth story:<\/strong> Since its launch in 2021 by Sultan (LinkedIn<\/a>) and Tarek Elsheikh (LinkedIn<\/a>), 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.<\/p>\n

REMEMBER- <\/strong>Blnk\u2019s new funding comes as NBFIs face tighter regulatory oversight. The country\u2019s consumer-finance sector surged 57% y-o-y<\/a> 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.<\/p>\n

Participants:<\/strong> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The local fintech reached profitability last year and will use the fresh capital to grow its loan portfolio and launch a new debit card<\/p>\n","protected":false},"author":1,"featured_media":708996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[514,7106,72,183,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-708995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-consumer-finance","tag-debt","tag-enterpriseam","tag-fintech","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"367345c2-fec8-4a2a-998e-70989e2c73f1","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/6\/619.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Scaling up the loan book","related_issue":[708987],"teaser":"The local fintech reached profitability last year and will use the fresh capital to grow its loan portfolio and launch a new debit card"},"yoast_head":"\nBlnk raises USD 37.1 mn to scale its consumer finance operations - 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The money includes USD 23.7 mn in equity and debt capital, as well as the USD 8.3 mn (EGP 202 mn) securitized bond issuance that closed last week.Among the company\u2019s new investors: Abu\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583653,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/19\/with-equity-fundraising-flowing-to-a-crawl-are-more-mature-startups-eyeing-securitized-bonds\/","url_meta":{"origin":708995,"position":1},"title":"With equity fundraising flowing to a crawl, are more mature startups eyeing securitized bonds?","author":"enterpriseam admin","date":"19 March 2023","format":false,"excerpt":"Blnk and MNT-Halan recently raised capital by securitizing parts of their loan books.","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/EGP-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668913,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/local-fintech-flend-raises-usd-3-mn-seed-round-to-fund-national-expansion\/","url_meta":{"origin":708995,"position":2},"title":"Local fintech Flend raises USD 3 mn seed round to fund national expansion","author":"enterpriseam admin","date":"23 July 2025","format":false,"excerpt":"The equity round was led by Egypt Ventures","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1463.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664901,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/08\/isupply-lines-up-usd-3-mn-in-financing-from-bokra\/","url_meta":{"origin":708995,"position":3},"title":"iSupply lines up USD 3 mn in financing from Bokra","author":"enterpriseam admin","date":"8 May 2025","format":false,"excerpt":"The firm will use the fresh capital to scale up its local operations","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/584.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577136,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/consumer-finance-player-blnk-sells-egp-202-mn-in-securitized-bonds\/","url_meta":{"origin":708995,"position":4},"title":"Consumer finance player Blnk sells EGP 202 mn in securitized bonds","author":"enterpriseam admin","date":"10 November 2022","format":false,"excerpt":"BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn program, financial advisor CI Capital said in a statement(pdf) yesterday. Advisors:The National Bank of Egypt and Banque du Caire were co-underwriters. Matouk Bassiouny & Hennawy acted as counsel, while Baker\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/175.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/fintech-startup-dayra-raises-usd-3-mn-in-pre-seed-funding-round\/","url_meta":{"origin":708995,"position":5},"title":"Fintech startup Dayra raises USD 3 mn in pre-seed funding round","author":"enterpriseam admin","date":"11 March 2021","format":false,"excerpt":"Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing, according to a company press release (pdf). EFG EV Fintech, EFG Hermes, Tanmiya Capital Ventures and a number of angel investors all participated in the round, which closed after the\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=708995"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708995\/revisions"}],"predecessor-version":[{"id":709033,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/708995\/revisions\/709033"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/708987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/708996"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=708995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=708995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=708995"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=708995"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=708995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}