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Egyptian fintech Blnk raised $37.1 million in equity and debt funding to expand its point-of-sale consumer financing business. The round includes $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. Blnk also secured $24.6 million in local debt facilities from banks and non-bank lenders including National Bank of Egypt, Suez Canal Bank, Bank Albaraka, Corplease, Globalcorp and…<\/p>\n<\/div>\n
Read more on AllAfrica.com<\/a> Egyptian fintech Blnk raised $37.1 million in equity and debt funding to expand its point-of-sale consumer financing business. The round includes $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. Blnk also secured $24.6 million in local debt facilities […]<\/p>\n","protected":false},"author":6,"featured_media":235762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[338],"tags":[15678,6450,258,256,54570,9430,9624,4697,415,9873,257,5234,254],"class_list":["post-235761","post","type-post","status-publish","format-standard","has-post-thumbnail","category-egypt","tag-37m","tag-access","tag-africa","tag-africa-news","tag-blnk","tag-consumer","tag-credit","tag-egypt","tag-egypt-news","tag-expand","tag-news","tag-raises","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/235761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=235761"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/235761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/235762"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=235761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=235761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=235761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 North Africa Egypt<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"