Algebra Ventures leads Series A in Egypt’s point-of-sale lender Blnk
Blnk, an Egypt-based fintech company providing point-of-sale financing, has raised $12.5 million in equity funding and $24.6 million in local debt facilities.
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Blnk, an Egypt-based fintech company providing point-of-sale financing, has raised $12.5 million in equity funding and $24.6 million in local debt facilities. The funding will help scale its consumer finance operations in Egypt by offering flexible loan sizes for a wider range of products and services.
The Series A equity funding round was led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst and Emirates International Investment Company, the Abu Dhabi-based investor that backed Blnk’s seed funding round. Debt funding was secured from a number of local banks, with notable participation from Suez Canal Bank, Bank Albaraka and National Bank of Egypt, as well as non-bank financial institutions, including Corplease, Globalcorp and BM Lease, among others.
Blnk has built an efficient acquisition model, using proprietary algorithms that enable rapid underwriting and loan booking at the point of sale, allowing consumers to access products that would have previously been unaffordable. With minimal documentation and in just three minutes, consumers can access financing, ranging from six to 36 months, to purchase a wide range of products or services. These financing solutions are available at more than 3,000 stores within Blnk’s merchant network – spanning electronics, household appliances, automotive services, furniture and more.
Amr Sultan, CEO and co-founder of Blnk, said: “We’re proud to have secured the backing of some of the most respected investors in the region and beyond for this round of funding. Their continued belief in our mission is a powerful endorsement of what we’re building at Blnk. This new round of funding positions us to strengthen our profitability – expanding our reach, diversifying our offerings and doubling down on our commitment to unlocking financial access for millions of consumers in Egypt and beyond.”
Karim Hussein, managing partner at from Algebra Ventures, commented: “Blnk’s ability to serve the underserved, particularly unbanked and underbanked consumers, while maintaining disciplined credit management, positions them as a category-defining player in Egypt’s consumer finance space. We’re excited to back them as they scale into new verticals and beyond.”
Sandra Rohleder, chairperson of the board of directors of SANAD Fund for MSME, added: “Blnk is redefining what financial inclusion looks like in emerging markets. Their ability to combine instant, point‑of‑sale lending with sophisticated risk‑assessment technologies has unlocked a completely new credit pathway for millions of underserved consumers. What impressed us most is their execution: the team has scaled to over one million onboarded customers, reached profitability, and delivered industry‑leading risk prediction capabilities that materially outperform traditional models. We believe Blnk is uniquely positioned to close Egypt’s deep credit access gap (particularly for women and unbanked) and to set a new benchmark for digital financing across the region.”
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