Blnk raises $37 million to target Egypt’s underserved credit market

Blnk, an Egyptian fintech that enables consumers to request loans during point-of-sale (PoS) checkouts, has raised $37.1 million in equity and debt financing to expand its lending to consumers with little or no formal access to credit. 

The raise includes a $12.5 million Series A equity round led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and…