Blnk Raises $37.1M to Expand Point-of-Sale Loans in Egypt

In Short

• Blnk raised $37.1 million to expand consumer lending in Egypt.
• The round mixes equity (ownership funding) and debt (borrowed capital that must be repaid).
• The startup targets Egyptians who lack formal access to credit.

What Happened

BLNK, an Egyptian fintech, has raised $37.1 million to scale point-of-sale lending, which lets shoppers request a loan at checkout instead of going to a bank first.

The raise includes a $12.5 million Series A equity round led by Algebra Ventures. SANAD Fund for MSME, Endeavor Catalyst, and existing investor Emirates International Investment Company also participated.

Blnk also secured $24.6 million in local currency debt facilities from banks and non-bank financial institutions. The lenders named include 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.

Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk provides point-of-sale consumer loans through a network of more than 3,000 merchants across Egypt. It finances purchases like electronics, furniture, and automotive services.

Why It Matters

Egypt has a large underserved credit market. As of June 2025, about 16.7 million Egyptian adults reportedly had no formal access to credit and other banking services.

That gap is why point-of-sale lending and buy now pay later products are getting attention. They aim to lower the entry barrier by using alternative checks at checkout, rather than requiring a long banking relationship, proof of income, or a prior credit history.

For Blnk, the mix of Series A equity and local debt matters because lending businesses need balance sheet capacity. Equity can fund product and risk teams, while debt can increase the pool of money available for issuing loans, as long as repayment rates hold up.

The next test will be execution, including credit underwriting quality, merchant expansion, and regulatory compliance as it looks beyond Egypt. In consumer lending, growth is easy to promise, but portfolio performance is what keeps funding available.