Flend, Egypt’s pioneering digital lending platform for small and medium-sized enterprises (SMEs), has successfully closed a $3 million seed funding round. The round comprises a strategic mix of equity and debt financing, aimed at accelerating the company’s mission to bridge the SME financing gap through fully digital financial services.
The equity portion of the round was led by Egypt Ventures, with strong participation from Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and notable family offices including El Sewedy and Baalbaki. On the debt side, Flend secured funding from the Micro, Small and Medium Enterprise Development Agency (MSMEDA) and several local banking institutions.
Licensed by Egypt’s Financial Regulatory Authority (FRA) as a Digital Non-Banking Financial Institution (Digital NBFI), Flend offers a fully digital lending experience. Its platform handles the entire lending lifecycle—from onboarding and credit scoring to disbursement and collections—using digitally binding contracts, eliminating the need for physical paperwork or in-person interactions.
Flend has already established over 20 embedded partnerships with platforms that serve SME supply chains across key sectors such as agri-food, healthcare, e-commerce, manufacturing, retail, and export. These integrations allow Flend to offer financing directly within the digital ecosystems where SMEs operate, making access to capital seamless and timely.
Looking ahead, Flend plans to deploy EGP 1 billion in working capital loans over the next 12 months. This initiative directly targets Egypt’s estimated $50 billion SME financing gap, a critical barrier to economic growth and job creation.
Ahmed Zaki, Co-Founder and CEO of Flend, emphasized the strategic importance of the funding:
This round allows us to finance SMEs where they do business—within the platforms that drive Egypt’s economy. We’ve seen rising demand and are ready to scale our reach.
Hasan Haider, Founder and Managing Partner at Plus VC, added:
Flend is solving a major regional challenge—making SME finance digital-first, embedded, and accessible. Their approach is not only innovative but essential for unlocking the full potential of Egypt’s entrepreneurial ecosystem.
With this new capital, Flend is poised to expand its footprint, enhance its technology stack, and deepen its partnerships—positioning itself as a key player in the digital transformation of SME finance across the region.
