Cashew Payments Technology Limited

Cashew Payments Technology Limited is a digital financial platform that simplifies borrowing for consumers and businesses, offering tailored financing solutions to meet diverse payment needs. Cashew Payments Technology Limited functions as a digital financial service provider, specializing in financing options for planned purchases. Founded by Ammar Afif and Ibtissam Ouassif, the company is headquartered in Dubai, United Arab Emirates. Ammar Afif also serves as the CEO.

The company has engaged in 3 deals, with the most recent acquisition dated June 20, 2022, when Shaker Group acquired a 40% stake in the company for an undisclosed amount. Cashew offers a comprehensive digital financial platform designed to simplify the borrowing process for consumers and businesses alike. The core product is its Planned Purchase financing option, which allows users to manage larger planned purchases by splitting payments over extended periods. This service targets UAE residents with a strong financial standing, aiming to streamline the borrowing experience through a fully digital application process.

Customers can apply online, in-store, or via secure payment links, receiving an approval decision within minutes. The platform caters primarily to individual consumers seeking flexible payment solutions for high-value items while providing tailored financing plans that align with their ambitions. Cashew's offerings are primarily available in the United Arab Emirates, with a focus on creating a transparent and user-friendly financing experience. Cashew's revenue is generated through its financing services, which provide flexible repayment options for customers.

The company facilitates transactions between consumers and retailers, possibly engaging in partnerships with various merchants to expand its service offerings. Users can access financing plans that allow for competitive rates and adaptable terms, enhancing the purchasing experience for both customers and businesses. The structure of transactions may include direct-to-consumer arrangements, where customers engage with the platform to manage their financing needs for specific products. This unique model positions Cashew to capitalize on significant sales volumes while supporting customer goals efficiently through its bespoke financing solutions.

Cashew Payments Technology Limited is poised for growth, with plans to expand its product offerings and geographic reach. The company is developing new financing solutions aimed at enhancing consumer access to credit, with anticipated launches in the coming months. In addition, Cashew is looking to penetrate additional markets across the Middle East and North Africa by the end of 2023. The recent funding round completed in June 2022 will be utilized to support these initiatives, enhancing technology infrastructure and marketing efforts to drive customer acquisition and service expansion.