Blnk Raises $37.1M Series A

Blnk, an Egyptian fintech company providing AI-powered consumer financing solutions, has raised $37.1 million in a mix of equity and debt funding. The round consists of $12.5 million in Series A equity and $24.6 million in local debt facilities. The company, which operates a point-of-sale financing network across Egypt, plans to use this capital to scale its operations and enhance its service offerings.

Investors

The Series A equity round was led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC). The debt financing was provided by a syndicate including the National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, and BM Lease.

Blnk Use of Funds

Blnk intends to use the proceeds to expand its product offerings, further develop its technology stack, and explore regional market expansion. The company also plans to launch a new credit card programme to increase consumer credit access.

About Blnk

Founded in 2021 by Amr Sultan and Tarek Elsheikh, Blnk is a fintech company on a mission to drive financial inclusion through rapid, AI-driven point-of-sale financing. The company utilizes proprietary algorithms and machine learning models to provide instant credit decisions for consumers at more than 3,000 merchant locations.

Funding Details

Company Website: https://blnk.ai

Company: Blnk
Raised: $37.1M
Round: Series A
Funding Date: June 8, 2026
Lead Investor: Algebra Ventures
Additional Investors: SANAD Fund for MSME, Endeavor Catalyst, Emirates International Investment Company, National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, BM Lease
Software Category: Fintech
Source: https://www.wamda.com/2026/06/blnk-secures-37-million-deepen-financial-inclusion-egypt