Digital lending platform Blnk raised $32 million in funds

Digital lending platform Blnk raised $23.7 million in equity and debt funding and $8.3 million in securitized bond issuance led by Abu Dhabi’s Emirates International Investment Company (EIIC) and Egypt-based venture capital firm Sawari Ventures, where several angel investors also participated.

A digital lending platform created by Blnk enables retailers of all sizes to quickly underwrite and finance the purchases of their customers at the point of sale. According to the startup, it gives consumers nationwide inclusive access to financing. The money will help Blnk continue to build out its artificial intelligence-powered lending infrastructure and finance the company’s rapidly expanding customer base.