Kashat

Based in Egypt, Kashat specializes in providing instant, small, short-term loans to promote financial inclusion for unbanked and underbanked populations through a streamlined digital platform. Kashat, founded in 2019, operates in Cairo, Egypt, providing innovative financial services including instant loans. The company has successfully completed 4 deals, with its latest funding round being a VENTURE DEBT of USD 1. 750 mn led by Launch Africa Ventures on January 13, 2025, raising a total of USD 1.

000 mn to date. Kashat is a pioneering nano financial service provider in Egypt, specializing in instant, small, short-term loans aimed at facilitating financial inclusion for the unbanked and underbanked populations. The company’s primary offering is its digital loan service, which allows users to apply for and receive loans quickly and efficiently through a mobile application. Users only need to provide a valid ID and facial recognition for verification, eliminating the need for traditional paperwork or guarantors.

This streamlined approach empowers hundreds of thousands of customers monthly to establish and build a financial identity, addressing the immediate financial needs of individuals in Egypt's diverse socio-economic landscape. The services are currently deployed across various governorates in Egypt, aiming to reach a customer base of over 100 million people by expanding access to financial liquidity. Kashat generates revenue through transaction fees associated with its nano loan services, where customers are charged lower administrative fees when opting for early repayment. The company facilitates direct-to-consumer transactions, allowing users to withdraw funds and repay loans seamlessly via multiple telecommunications and banking e-wallets available in Egypt.

By raising the loan limit to EGP 2,000, Kashat captures a broader segment of the unbanked population, enhancing its appeal and fostering repeat usage among borrowers. The business model emphasizes a straightforward pricing structure based on loan amounts and repayment terms, ensuring transparency in transaction processes. This approach positions Kashat as a vital player in the evolving digital financial landscape in Egypt, catering specifically to those who lack traditional banking access. In January 2025, Raseedi LLC, a portfolio company of 500 Startups and others, acquired Kashat.

This acquisition is expected to enable Kashat to expand its product offerings and introduce instant loans. The strategic focus will be on launching new products designed to enhance financial inclusion and expanding its market presence within Egypt and potentially neighboring regions.