A Cairo-based VC firm that invests in transformative tech companies in Egypt and Africa.
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.
BFREE Closes Growth Round to Accelerate Its Pan-African Distressed Debt Business
BFREE closed a growth round to expand its capacity for acquiring non-performing loan portfolios. AfricInvest led the investment through its Financial Inclusion Vehicle, focusing on advancing financial inclusion in Africa.
Octane Raises $5.2M to Expand Its Fleet Payments Platform Across MENA
Octane secured $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and Elsewedy Capital Holding. The startup provides a digital payments and analytics platform specifically designed for fleet operators.
