Ahmed Zaki: Transforming SME Lending in Egypt with Flend
Ahmed Zaki is focused on enhancing financing access for small and medium-sized enterprises (SMEs) in Egypt. He co-founded Flend after a banking career to develop digital tools meeting the cash flow needs of smaller businesses.
As the CEO of Flend, an Egyptian entrepreneur, Ahmed Zaki drives this Cairo-based startup, offering specialized digital financing solutions for SMEs. Founded in 2022 by Ahmed Zaki, Nehal Helmy, and Saif Edeen El Bendari, Flend provides fully digital short-term cash loans, managing all processes from registration to credit scoring, electronic signatures, and installment collection.
Flend collaborates with over twenty technological partners overseeing SME value chains across various sectors such as agro-industry, e-commerce, manufacturing, retail, and export. The Egyptian Financial Regulatory Authority recognizes Flend as a digital non-bank financial institution.
The startup recently completed a $3 million seed funding round involving equity and debt financing, with Egypt Ventures as the lead investor. Ahmed Zaki expressed that this funding round enables them to support SMEs directly within the platforms that drive Egypt’s economy. He also stated the team is prepared to expand in response to growing demand.
Flend, the leading digital lending platform for SMEs in Egypt, successfully concluded a $3 million seed funding round to revolutionize SME lending digitally in the country.
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