A fund that supports micro, small, and medium enterprises in the MENA region, participating in Blnk's funding round.
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.
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa
Cartona raises $8.1 million in a Series A extension, bringing its total Series A funding to $20.1 million. The platform plans to use the funds to grow its market share in Egypt and potentially expand into other regional markets.
