Tech Company Financing Transactions
Blnk Funding Round
On 11/10/2022, Blnk received $32 million in Seed funding from Emirates International Investment, Sawari Ventures and Darwazah Capital.
Transaction Overview
Company Name
Announced On
11/10/2022
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$32,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds for the further development of its Artificial Intelligence-powered infrastructure and the financing of its portfolio of customers.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Office 3-1B, building 3 The Polygon, Sodic, Sheikh Zayed
Giza, Undisclosed
Egypt
Giza, Undisclosed
Egypt
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amr Sultan
Chief Financial Officer
Ahmed Ozalp
Chief Technical Officer
Karim Sobh
Co-Founder
Tarek El-Sheikh
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC transactions reported here come from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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