{"id":557042,"date":"2021-09-05T04:00:09","date_gmt":"2021-09-05T04:00:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/kashat-lands-funding-from-launch-africa-in-private-bridge-round\/"},"modified":"2021-09-05T04:00:09","modified_gmt":"2021-09-05T04:00:09","slug":"kashat-lands-funding-from-launch-africa-in-private-bridge-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/kashat-lands-funding-from-launch-africa-in-private-bridge-round\/","title":{"rendered":"Kashat lands funding from Launch Africa in private bridge round"},"content":{"rendered":"

<\/a> Fintech startup <\/strong>Kashat<\/a><\/strong> has successfully closed a private bridge round for an <\/strong>undisclosed sum<\/strong>, a senior company executive told Enterprise. The round saw participation from pan-African fund Launch Africa<\/a>, which typically invests up to USD 300k per transaction. Cairo Angels also took part in the round; the Cairo Angels previously made their largest ever investment<\/a> in Kashat in a private seed-extension round that closed last December. This latest round \u201cbacks Kashat\u2019s mission to positively affect financial inclusion in Egypt, and the Arabic speaking world at large, by providing accessible, productive, financial services,\u201d the senior exec said.<\/p>\n

Kashat \u2014 which launched <\/strong>last year<\/a><\/strong> \u2014 provides nano financial services<\/strong> in the form of small productive facilities between EGP 100 and EGP 1.5k to the unbanked and under banked, with a repayment period of up to 61 days. Kashat is Egypt\u2019s first FRA-regulated nano-finance player<\/a>, and has integrated with leading e-payment platform Fawry, as well as Vodafone Cash and Aman.<\/p>\n

IN OTHER FINTECH NEWS-<\/strong><\/p>\n

Al A<\/strong>hly Momken will provide electronic payment services to Egyptian fintech<\/strong> lending start-up El Gameya<\/strong> under a partnership agreement, according to a joint press release<\/a>. El Gameya is an online platform that allows individuals to join collaborative lending associations or \u201cmoney circles\u201d \u2014 known in the region as a gameya \u2014 to access peer-to-peer, zero-interest lending. Momken CEO Samir Abu Hashem said Momken currently facilitates access to money circles for around 40k merchants.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech startup Kashat has successfully closed a private bridge round for an undisclosed sum, a senior company executive told Enterprise. The round saw participation from pan-African fund Launch Africa, which typically invests up to USD 300k per transaction. Cairo Angels also took part in the round; the Cairo Angels previously made their largest ever investment […]<\/p>\n","protected":false},"author":1,"featured_media":557043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,183,866,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-kashat","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"4339aedd-c277-4cc5-b264-520b203aec4f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/49.jpg","photo_position":"above","related_issue":[557033],"teaser":"","voice_url":""},"yoast_head":"\nKashat lands funding from Launch Africa in private bridge round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/kashat-lands-funding-from-launch-africa-in-private-bridge-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kashat lands funding from Launch Africa in private bridge round\" \/>\n<meta property=\"og:description\" content=\"Fintech startup Kashat has successfully closed a private bridge round for an undisclosed sum, a senior company executive told Enterprise. 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A senior company executive told us earlier this month that the company had received the funding but declined to disclose its value. The round saw participation from\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561909,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/26\/cairo-angels-invests-in-kashat\/","url_meta":{"origin":557042,"position":1},"title":"Cairo Angels invests in Kashat","author":"enterpriseam admin","date":"26 April 2021","format":false,"excerpt":"Kashat has landed Cairo Angels\u2019 largest investment to date: VC firm Cairo Angels has made an undisclosed investment in our friends at Kashat, according to a press release (pdf). The statement did not disclose the exact value of the investment, saying only that it is the \u201clargest investment in Cairo\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/266.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549631,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/kashat-lands-funding-from-us-pan-african-vc\/","url_meta":{"origin":557042,"position":2},"title":"Kashat lands funding from US + pan-African VC","author":"enterpriseam admin","date":"25 September 2022","format":false,"excerpt":"Not all doom and gloom on Planet Startup: Kashat, the region\u2019s first provider of nano-loans, has landed funding from both Plug & Play and Launch Africa as part of its ongoing fundraising drive. Kashat uses machine learning to underwrite credit, providing fast turnaround on productive, short-term loans.The news comes amid\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543608,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/kashat-inks-mastercard-agreement-after-doubling-addressable-market-to-67-mn\/","url_meta":{"origin":557042,"position":3},"title":"Kashat inks Mastercard agreement after doubling addressable market to 67 mn","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"Kashat partners with Mastercard on prepaid cards: Our friends at Kashat, the region\u2019s first nano-financial services provider, have signed a five-year partnership agreement with Mastercard to help issue prepaid cards that can be used to withdraw money and repay loans, the company said in a press release (pdf).What does the\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548597,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/kashat-is-now-available-almost-everywhere-in-egypt\/","url_meta":{"origin":557042,"position":4},"title":"Kashat is now available almost everywhere in Egypt","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"The region\u2019s first nano-financial services provider, Kashat, has launched in nine new governorates in Egypt, the company said in a press release (pdf). The company is now operating in 24 of the country\u2019s 26 governorates, putting its services in reach of 100.4 mn people. Kashat has raised its loan limit\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555565,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/18\/kashat-appoints-marija-zivanovic-smith-as-independent-board-member\/","url_meta":{"origin":557042,"position":5},"title":"Kashat appoints Marija Zivanovic-Smith as independent board member","author":"enterpriseam admin","date":"18 November 2021","format":false,"excerpt":"Our friends at Kashat, the region's first provider of nano-financial services, have added Marija Zivanovic-Smith (LinkedIn) as an independent board member. Based in Washington, DC, Zivanovic-Smith sits on the executive leadership team of NCR, the original fintech player and a global leader in enterprise technology for restaurants, retailers and banks.\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/509.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557042"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557042\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557043"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557042"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557042"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}