Fundz

Blnk, A Fintech That Provides Instant Consumer Credit In Egypt, Raises $32M In Debt And Equity

Nov 10, 2022

Amount Raised

$32 Million

Round Type

Venture

EgyptFinancial ServicesFinanceMarketplaceFintechLending

Description

Credit card penetration in Egypt is low, with just over 4 million cards used in a population of more than 100 million people. As such, people in the country have little or no access to credit, given the other few options that exist in the market.

Quick answer

Blnk raised $32 Million in a funding round, dated November 10, 2022. Blnk is based in Egypt.

How much did Blnk raise?
Blnk raised $32 Million in a funding round on November 10, 2022.
What does Blnk do?
We are a fintech company with a mission of enabling inclusion through point-of-sale financing.
Where is Blnk based and how big is it?
Blnk is based in Egypt. Fundz records about 260 employees.
Who are the decision-makers at Blnk?
Fundz holds 2 contacts at Blnk, including the Chief People Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Blnk that raised within 45 days of this round, from Fundz verified event records.

  • Recognise Bank raised $30M (Funding Round) on December 23, 2022.
  • Uplinq raised $5.6M (Seed) on December 8, 2022.
  • Bitwave raised $15M (Series A) on December 6, 2022.
  • KreditBee raised $80M (Funding Round) on December 2, 2022.
  • ZSuite Technologies, Inc. raised $11M (Series A) on November 17, 2022.
  • Prosper Marketplace raised $75M (Funding Round) on November 17, 2022.

Who to call at Blnk, and when

A new round usually means Blnk is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Blnk raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Blnk, from your own LinkedIn network

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Company Information

Company

Blnk

Location

Egypt

About

We are a fintech company with a mission of enabling inclusion through point-of-sale financing. Less than 4% of Egyptians have access to credit cards and can only afford to purchase products/services with cash that they have saved or are forced to borrow from hard money lenders at high interest rates. We’re changing this by enabling all consumers to instantly receive credit within minutes at their favorite merchants.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Blnk raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsWafaa E., Chief People Officer hidden hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Blnk's next move

See what Strategic adds

Blnk raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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