Egyptian Fintech Startup Blnk Raises $37 Mn in Funding

The equity funding round was led by Algebra Ventures, with support from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company.

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 Algebra Ventures, said, “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, said, '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 the unbanked) and to set a new benchmark for digital financing across the region.”

Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk uses AI technology to provide quick consumer financing through more than 3,000 merchants. It can approve credit decisions in about three minutes, making the process fast and convenient for users.

Since 2022, the company has served over one million customers. Around 75% of them were previously unbanked, and 35% are women. In 2025, Blnk became profitable and recorded a strong 173% year-on-year growth in revenue.

The new funding will help the company expand its products, improve its technology, grow into new regions, and launch a credit card program. The debt financing was supported by local banks such as the National Bank of Egypt, along with several non-banking financial institutions.

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