Blnk: Raises $32 Million
- Blnk, a fintech startup that enables instant consumer credit in Egypt, raises $23.7 million in equity and debt funding
- The funds will support further development of Artificial Intelligence-powered lending infrastructure
- The combined pre-seed and seed funding rounds of $12.5 million was led by Abu Dhabi’s Emirates International Investment
- The $11.2 million debt funding was secured from a number of leading local banks
- The $8.3 million securitised bond issuance was underwritten by National Bank of Egypt
- The company has the right combination of a seasoned team and a scalable business model
