What is CASHe?
CASHe operates as an app-only lending platform, leveraging Fin-Tech innovations to serve salaried millennials. The company's proprietary algorithm-based machine learning platform, Social Loan Quotient (SLQ), assesses creditworthiness using a wide array of unique data points, including social profiles and earning potential. This automated approach allows CASHe to provide immediate, short-term personal loans with a streamlined, app-enabled application and disbursal process, eliminating the need for physical documentation or personal intervention. Launched in April 2016 by Aeries Financial Technologies Pvt. Ltd, CASHe aims to offer hassle-free financial solutions tailored to the needs of young urban professionals.
How much funding has CASHe raised?
CASHe has raised a total of $1.4B across 2 funding rounds:
Series A
$3.9M
Corporate Investment
$1.4B
Series A (2017): $3.9M with participation from Kotak Mahindra Bank
Corporate Investment (2022): $1.4B led by The Social Loan Company
Key Investors in CASHe
Kotak Mahindra Bank
Kotak Mahindra Bank is a prominent Indian financial institution providing comprehensive banking and wealth management services. Its involvement suggests a strategic alignment with CASHe's Fin-Tech lending model.
The Social Loan Company
The Social Loan Company is a fintech entity and fullstack neo-banking platform provider, indicating a strong focus on digital financial services and lending innovation.
What's next for CASHe?
The recent major strategic investment signals a new phase of growth and development for CASHe. This substantial backing is likely to fuel further technological advancements in its credit scoring and lending algorithms, potentially expanding its product offerings and market reach. The company is well-positioned to capitalize on the growing demand for digital lending solutions among its target demographic, reinforcing its role as a key player in the evolving Fin-Tech landscape.
See full CASHe company page
