The funding round includes $12.5 million in equity, led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst and Emirates International Investment Company, alongside $24.6 million in debt facilities from local banks.
Blnk uses proprietary algorithms that enable rapid underwriting and loan booking at the point of sale, applying AI to hyper-local variables. With minimal documentation and in just three minutes, consumers can access financing, ranging from 6 to 36 months, to purchase a wide range of products or services. The company also utilises specialized machine learning models to provide real-time, precise Probability of Default (PD) predictions, enabling instant credit decisions with risk-based pricing.
The financing is available at more than 3,000 stores within blnk’s merchant network – spanning electronics, household appliances, automotive services, furniture and more.
Since raising its seed round in November 2022, Blnk has demonstrated exponential growth, onboarding over one million customers and surpassing an EGP1 billion loan portfolio. Notably, 75% of its user base was previously unbanked or underserved, and over 35% are female. The company reached profitability in 2025, fueled by a 173% year-on-year revenue increase.
Read more: https://www.finextra.com/newsarticle/47876/egyptian-pos-financing-fintech-blnk-raises-37-million
