One of the largest banks in Egypt, providing debt funding to Blnk as part of its financing strategy.
Egyptian Fintech Blnk Raises $37 Million to Bring Credit to the Unbanked
Blnk raised $37 million, including $12.5 million in Series A equity and $24.6 million in local debt. The company has onboarded over one million customers since late 2022, with 75% being unbanked or underserved.
Blnk raises $37 million to target Egypt’s underserved credit market
Blnk raised $37.1 million in equity and debt financing to expand its lending services. The funding includes a $12.5 million Series A equity round led by Algebra Ventures.
Egypt’s Blnk Raises $37m to Deepen Point of Sale Credit for Consumers
Blnk closed a $37.1 million funding round, including a $12.5 million Series A equity round. The funding aims to accelerate point-of-sale consumer lending operations in Egypt.
