Egypt: Lending platform Flend receives backing from Egypt Ventures, Plus VC, others
Egyptian digital SME lending platform Flend has announced the closure of its $3 million seed funding round.
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Egyptian digital SME lending platform Flend has announced the closure of its $3 million seed funding round, comprising a mix of equity and debt. The equity round was led by Egypt Ventures, with participation from Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and prominent family offices including El Sewedy and Baalbaki. On the debt side, Flend secured funding from MSMEDA and several local banking partners.
Flend enables fully digital lending for SMEs, from onboarding and credit scoring to disbursement and collections, all through digitally binding contracts. It integrates directly into platforms that serve SME supply chains across sectors like agri-food, healthcare, e-commerce, manufacturing, retail, and export.
Hasan Haider, founder and managing partner at Plus VC, commented: “Flend is solving a major regional challenge – making SME finance digital-first, embedded, and accessible.”
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