Mobile-based loan app Kashat launches, offering users up to EGP 1,500

STARTUP WATCH- Egypt’s first nano-financing loan provider, Pharos-backed Kashat, has officially launched, Menabytes reports. The app, which is a joint venture set up by our friends at Pharos Holdings and Pakistani tech firmPlanet N Group, offers loans between EGP 100 and 1,500 and is meant to provide instant access to credit to the country’s large unbanked population.