Egyptian SME financing platform Flend has raised $3 million in a seed funding round combining both equity and debt, aimed at scaling embedded digital lending across the country’s underserved small and medium enterprises (SMEs).
The equity round was led by Egypt Ventures, with participation from Camel Ventures, Sukna Ventures, Plus VC, and Banque Misr, along with regional family offices such as El Sewedy and Baalbaki. On the debt side, Flend secured funding from MSMEDA and other local banking partners.
Licensed by the Financial Regulatory Authority (FRA) as a Digital Non-Banking Financial Institution (NBFI), Flend offers fully online lending using digitally binding contracts and e-signatures.
The funding will be used to expand its team, strengthen its technical infrastructure, and build partnerships with digital platforms across key productive sectors including healthcare distribution, agri-food, manufacturing, e-commerce, retail, and exports.
Through its embedded lending model, Flend integrates directly with platforms that operate SME supply chains, improving reach, lowering acquisition costs, and enabling smarter credit decisions using AI-powered underwriting.
The company aims to inject EGP 1 billion in short-term working capital loans over the next year, addressing an estimated $50 billion SME financing gap in Egypt.
