Flend completed a three-million-dollar seed funding round combining equity and debt financing. Egypt Ventures spearheaded the equity portion while Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, El Sewedy, and Baalbaki family offices participated. MSMEDA and local banking partners provided the debt component. The Financial Regulatory Authority licensed Flend as a Digital Non-Banking Financial Institution. The platform operates entirely through digital processes for small and medium enterprise lending.
The company maintains partnerships with over twenty embedded platforms serving supply chains across agriculture, healthcare, e-commerce, manufacturing, retail, and export sectors. Flend targets Egypt's fifty billion dollar SME financing gap through these integrations. The platform will deploy one billion Egyptian pounds in working capital loans during the next twelve months. Co-Founder Ahmed Zaki stated the funding enables financing within business platforms driving Egypt's economy. Plus VC Managing Partner Hasan Haider described Flend as addressing regional SME finance challenges through digital solutions.
The company maintains partnerships with over twenty embedded platforms serving supply chains across agriculture, healthcare, e-commerce, manufacturing, retail, and export sectors. Flend targets Egypt's fifty billion dollar SME financing gap through these integrations. The platform will deploy one billion Egyptian pounds in working capital loans during the next twelve months. Co-Founder Ahmed Zaki stated the funding enables financing within business platforms driving Egypt's economy. Plus VC Managing Partner Hasan Haider described Flend as addressing regional SME finance challenges through digital solutions.
