Digital lending platform Blnk raised $32 million in funds

November 14, 2022

, By Sarika Parmar

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Digital lending platform Blnk raised $23.7 million in equity and debt funding and $8.3 million in securitized bond issuance led by Abu Dhabi’s Emirates International Investment Company (EIIC) and Egypt-based venture capital firm Sawari Ventures, where several angel investors also participated.

A digital lending platform created by Blnk enables retailers of all sizes to quickly underwrite and finance the purchases of their customers at the point of sale. According to the startup, it gives consumers nationwide inclusive access to financing. The money will help Blnk continue to build out its artificial intelligence-powered lending infrastructure and finance the company’s rapidly expanding customer base.

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Digital lending platform Blnk raised $32 million in funds

November 14, 2022

, By Sarika Parmar

Digital lending platform Blnk raised $23.7 million in equity and debt funding and $8.3 million in securitized bond issuance led by Abu Dhabi’s Emirates International Investment Company (EIIC) and Egypt-based venture capital firm Sawari Ventures, where several angel investors also participated.

A digital lending platform created by Blnk enables retailers of all sizes to quickly underwrite and finance the purchases of their customers at the point of sale. According to the startup, it gives consumers nationwide inclusive access to financing. The money will help Blnk continue to build out its artificial intelligence-powered lending infrastructure and finance the company’s rapidly expanding customer base.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Lentra raised $60 million in fresh funds led by Bessemer Venture Partners and SIG Venture Capital

Next News

WhatsApp rolls out a new update called ‘Do Not Disturb’ mode

More like this

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