Flend, Egypt’s pioneering fully digital SME lending platform, regulated by the Financial Regulatory Authority, has successfully secured $3 million in seed funding through a combination of equity and debt financing.
The equity round was led by Egypt Ventures, with participation from Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and notable family offices including El Sewedy and Baalbaki. The debt portion was raised via lending facilities from MSMEDA and several local banks.
Licensed by Egypt’s Financial Regulatory Authority as a Digital Non‑Banking Financial Institution, Flend is authorized to provide fully digital working capital loans, utilizing e-signatures and online contracts—eliminating the need for any physical documentation.
The platform is integrated with over twenty embedded digital platforms commonly used by SMEs across diverse sectors such as agriculture, healthcare logistics, e‑commerce, manufacturing, retail, and export. Through this embedded finance model, Flend delivers financing directly within the business environments SMEs operate in, dramatically reducing friction in the lending process.
According to company leadership, Flend has reduced loan approval times by 95 percent within the first six months of its operations. It now partners with more than 20 platforms and aims to deploy EGP 1 billion (approximately $21 million) in SME loans over the next year to help bridge Egypt’s estimated $50 billion SME financing gap.
Ahmed Zaki, co‑founder and CEO, stated that the newly raised funds will be used to scale embedded finance partnerships, grow the team, and enhance the company’s proprietary digital infrastructure. He emphasized Flend’s mission as “financing SMEs where they do business.”
Abdelrahman Mansour, CEO of Egypt Ventures, highlighted that Flend’s model has the potential to generate significant economic impact by addressing fundamental challenges in SME credit access. Hasan Haider, managing partner at Plus VC, echoed this view, describing Flend’s digital-first, scalable approach as a compelling solution to the region’s financing hurdles.
Flend’s emergence as a regulated digital lending platform represents a major advancement in Egypt’s fintech landscape, providing a modern, inclusive, and compliant alternative to the country’s traditionally sluggish credit systems.
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