We're proud to celebrate a major milestone for one of our tenants Blnk, the Egyptian fintech startup on a mission to make consumer credit accessible to all, has just closed a $37.1 million funding round, marking a landmark moment for both the company and Egypt's fast-growing fintech ecosystem.

The Deal at a Glance
The raise comprises two components:

• $12.5 million in Series A equity funding, led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC).

• $24.6 million in local debt facilities, secured from a group of leading local banks and non-bank financial institutions — including the National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp, and BM Lease.

The Numbers Speak for Themselves

Since its seed round in 2022, Blnk has achieved remarkable traction:

• 1 million+ customers onboarded

• EGP 1 billion+ loan portfolio surpassed

• 75% of users were previously unbanked or underserved

• 35%+ of customers are female

• Reached profitability in 2025, driven by a 173% year-on-year revenue increase

Why This Matters for Egypt

Egypt's consumer finance sector is expanding rapidly — reaching EGP 96.3 billion ($2.0 billion) in 2025, up 57% year-on-year. Yet fewer than 5% of adults have access to formal credit, and only 3.9% of women use credit cards or online lending tools. The credit gap remains vast, and Blnk is tackling it head-on.

As CEO Amr Sultan put it, this funding positions Blnk to "expand reach, diversify offerings and double down on the commitment to unlocking financial access for millions of consumers in Egypt and beyond."

What's Next for Blnk

With this new capital, Blnk plans to:

• Expand its product suite, including the launch of a credit card programme that will let customers use their credit limit beyond the existing merchant network

• Enhance its technology stack and AI capabilities

• Explore regional expansion into new geographies

A Proud Moment for Our Community

At WRK +, we believe in backing founders who are building solutions that truly matter. Blnk's growth from an early-stage startup to a profitable, million-customer fintech business is a testament to what happens when great teams are given the right environment to thrive.

Congratulations to Amr, Tarek, and the entire Blnk team. The best is yet to come.