What is Kashat?
Founded in 2019 and headquartered in Egypt, Kashat operates as a licensed application by the Financial Regulatory Authority. The company distinguishes itself by offering short-term loans without requiring collateral or a guarantor, addressing a critical need for accessible credit in the region. Its business model is designed to streamline the lending process through its digital platform, making financial services more readily available to a broader customer base.
How much funding has Kashat raised?
Kashat has raised a total of $1.8M across 1 funding round:
Angel/Seed
$1.8M
Angel/Seed (2021): $1.8M with participation from Cairo Angels and Launch Africa
Key Investors in Kashat
Cairo Angels
Cairo Angels is a network of approximately 50 Egyptian angel investors, many of whom are founders themselves, focused on leveraging their experience and networks to support early-stage businesses.
Launch Africa
Launch Africa provides resources and information to support entrepreneurs and startups across Africa, aiming to foster innovation and business growth through valuable insights and tools.
What's next for Kashat?
The recent major strategic investment into Kashat signals a pivotal moment for the company's growth trajectory. This influx of capital is expected to fuel further expansion, potentially enabling Kashat to scale its operations, enhance its technological infrastructure, and broaden its product offerings. The company's focus on unsecured, short-term lending positions it to capitalize on the growing demand for agile financial solutions in emerging markets.
See full Kashat company page
