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Egypt’s Flend Raises USD 3 M to Scale AI-Driven SME Lending Platform
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Egyptian start-up Flend, which specializes in financing small and medium-sized enterprises (SMEs), has succeeded in raising funds of three million dollars. This seed financing, consisting of both equity and loans, will be used to expand its operations, strengthen its teams and consolidate its strategic partnerships. Flend, based in Egypt, raised three million dollars to accelerate the development of its digital financing solution for small and m…
Egypt’s Flend Raises USD 3 M to Scale AI-Driven SME Lending Platform
Egyptian fintech Flend has raised USD 3 M in seed funding, a mix of equity and debt, to expand its fully digital, FRA-licensed lending platform for small and medium businesses. The round was led by Egypt Ventures, with participation from Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and notable family offices like El Sewedy and Baalbaki Group. Debt financing came from MSMEDA and local banks. Founded by Ahmed Zaki, Nehal Helmy and Saif Ed…
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