A fintech company based in Cairo that provides point-of-sale financing solutions to consumers, focusing on underserved populations.
African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies
African startups raised an estimated $1.3 billion to $1.4 billion in H1 2026. Only 146 funding deals were completed in the first half of 2026, down from 252 in the same period in 2025.
$1.44 billion raised in the first half of 2026
African startups raised $1.44 billion in H1 2026, a slight increase from $1.42 billion in H1 2025. Only 146 disclosed deals occurred in H1 2026, down from 252 in H1 2025, but with larger funding rounds.
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.
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.
