Flend, an Egyptian fintech company, has bagged $3 million seed funding round, comprising both equity and debt, to grow its fully digital lending platform aimed at serving small and medium-sized enterprises (SMEs) in Egypt.
The equity portion of the funding was led by Egypt Ventures, joined by Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and influential family investors like El Sewedy and Baalbaki. Debt financing was provided by Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and several domestic banks.
“This investment enables us to provide financing right at the point of need — inside the platforms SMEs already use,” said Ahmed Zaki, Co-Founder and CEO of Flend.
Flend’s Embedded Lending Model
As a fully licensed digital non-banking financial institution (NBFI) under Egypt’s Financial Regulatory Authority, Flend delivers a seamless lending experience that includes digital onboarding, real-time credit scoring, loan disbursement, and automated repayments — all governed by e-signature contracts.
“Flend is leading the way in digital SME finance across the region,” said Hasan Haider, Managing Partner at Plus VC.
Future Plans and Growth Targets
With this new capital injection, Flend aims to:
- Issue over EGP 1 billion (~$32 million) in SME loans over the next year
- Deepen its integration with local and sector-specific platforms
- Advance its proprietary credit and risk technology
- Expand its workforce and market presence
Flend is reshaping access to SME finance in Egypt by embedding financial services directly within digital business ecosystems. Its tech-enabled, regulation-compliant model addresses the country’s $50 billion SME credit gap, creating new opportunities for economic growth.
