Algebra Ventures leads Series A in Egypt’s point-of-sale lender Blnk

Blnk , an Egypt-based fintech company providing point-of-sale financing solutions, has announced it has raised $12.5 million in equity funding alongside $24.6 million in local debt facilities. The combined financing will enable the company to expand its consumer finance operations, offering flexible loan sizes across a wider range of products and services. Funding Details Equity round (Series A): $12.5 million, led by Algebra Ventures , with participation from: SANAD Fund for MSME Endeavor Catal