Blnk Raises $12.5M Series A for MENA Expansion

Blnk raised $12.5 million in Series A funding led by Algebra Ventures, plus $24.6 million in debt financing from Egyptian institutions. The digital consumer finance platform will use the combined $37.1 million for product expansion, new market growth, and a planned credit card launch. CEO Amr Sultan said the investment will increase reach and improve profitability.