Blnk
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Founders
About
Blnk is an Egyptian fintech founded in 2021 by Amr Sultan and Tarek Elsheikh that provides AI-powered point-of-sale consumer financing through a merchant network of more than 3,000 stores across categories including electronics, appliances, automotive, and furniture 12. The platform uses proprietary underwriting algorithms and machine learning to approve loans in approximately three minutes with minimal documentation, targeting unbanked and underserved consumers in Egypt 23.
The company reports having onboarded more than one million customers since its seed round closed in November 2022, with a loan portfolio exceeding 1 billion Egyptian pounds. Approximately 75% of its users were previously unbanked or underserved, and more than 35% are women. Blnk says it reached profitability in 2025 after revenue grew 173% year-over-year 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-08 | Series A (equity) | $12.5M | Algebra Ventures | SANAD Fund for MSME, Endeavor Catalyst, Emirates International Investment Company 123 |
| 2026-06-08 | Debt facility | $24.6M | National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, BM Lease 12 |
What Investors Say
“Blnk’s ability to serve underserved consumers while maintaining disciplined credit management positions them as a category-defining player in Egypt’s consumer finance space.”
— Karim Hussein, Algebra Ventures, on the Series A round, June 2026 3
What Founders Say
“This new round positions us to strengthen profitability – expanding reach, diversifying offerings and doubling down on unlocking financial access for millions.”
— Amr Sultan, CEO and Co-Founder of Blnk, on the Series A round, June 2026 3
Sources
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Fintech Global, “Blnk raises $37m to close Egypt’s consumer credit gap,” June 8, 2026, accessed June 2026. https://fintech.global/2026/06/08/blnk-raises-37m-to-close-egypts-consumer-credit-gap/↩↩↩↩
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Wamda, “Blnk secures $37 million to deepen financial inclusion in Egypt,” June 2026, accessed June 2026. https://www.wamda.com/2026/06/blnk-secures-37-million-deepen-financial-inclusion-egypt↩↩↩↩↩
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Africa Private Equity News, “Algebra Ventures leads Series A in Egypt’s point-of-sale lender Blnk,” June 8, 2026, accessed June 2026. https://www.africaprivateequitynews.com/p/algebra-ventures-leads-series-a-in↩↩↩↩