{"id":557270,"date":"2021-09-13T04:00:02","date_gmt":"2021-09-13T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/"},"modified":"2021-09-13T04:00:02","modified_gmt":"2021-09-13T04:00:02","slug":"kashat-closes-usd-1-75-mn-bridge-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/","title":{"rendered":"Kashat closes USD 1.75 mn bridge funding round"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egyptian fintech and microloan solutions provider Kashat received USD 1.75 mn <\/strong><strong>in a recent bridge funding round<\/strong>, the company said in a <a href=\"https:\/\/www.wamda.com\/2021\/09\/egyptian-fintech-kashat-raises-1-million-bridge-round\">statement<\/a>. A senior company executive <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4339aedd-c277-4cc5-b264-520b203aec4f\">told us earlier this month<\/a> that the company had received the funding but declined to disclose its value. The round saw participation from pan-African fund Launch Africa, which typically invests up to USD 300k per transaction, with Cairo Angels also taking part. This latest funding \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 a company senior exec told us.<\/p>\n<p><strong>IN OTHER STARTUP NEWS- <\/strong><\/p>\n<ul>\n<li><strong>Food ordering service Talabat Mart is expanding to <\/strong><strong>Alexandria, Mansoura <\/strong><strong>and Tanta <\/strong>as part of its plan to cover more cities and governorates, <a href=\"https:\/\/bit.ly\/3k2MaNy\">Al Mal<\/a> reports. <\/li>\n<li><strong>Vezeeta will provide healthcare services to beneficiaries of the Tahya Misr <\/strong><strong>Fund<\/strong>, according to <a href=\"https:\/\/bit.ly\/3E9X24g\">Al Mal<\/a>. The healthcare platform will offer doctors\u2019 consultations, medication and some operations through providers in the Vezeeta network after signing an MoU with the state-backed fund, the newspaper claims.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian fintech and microloan solutions provider Kashat received USD 1.75 mn in a recent bridge funding round, the company said in a statement. 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 pan-African fund Launch Africa, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":557271,"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":[72,183,900,7138,7115,866,95,123,3434,1352,2110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-fintech","tag-food-and-beverage","tag-health","tag-healthcare","tag-kashat","tag-startup-watch","tag-startups","tag-tahya-misr-fund","tag-talabat","tag-vezeeta","wpautop","entry"],"acf":{"mongo_id":"270c3c56-9a52-48b3-87c5-98315ccf62f4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/165.jpg","photo_position":"above","related_issue":[557260],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kashat closes USD 1.75 mn bridge funding 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\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kashat closes USD 1.75 mn bridge funding round\" \/>\n<meta property=\"og:description\" content=\"Egyptian fintech and microloan solutions provider Kashat received USD 1.75 mn in a recent bridge funding round, the company said in a statement. 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 pan-African fund Launch Africa, which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-13T04:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/165.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kashat closes USD 1.75 mn bridge funding round\",\"datePublished\":\"2021-09-13T04:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/165.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Fintech\",\"food and beverage\",\"health\",\"healthcare\",\"Kashat\",\"Startup watch\",\"startups\",\"Tahya Misr Fund\",\"Talabat\",\"Vezeeta\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/kashat-closes-usd-1-75-mn-bridge-funding-round\/\",\"name\":\"Kashat closes USD 1.75 mn bridge funding round - 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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\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/49.jpg?fit=%2C&ssl=1&resize=350%2C200","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":557270,"position":1},"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 &quot;Startup watch&quot;","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":557384,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/fintech-startup-dopay-raises-usd-18-mn-in-series-a-round\/","url_meta":{"origin":557270,"position":2},"title":"Fintech startup Dopay raises USD 18 mn in series A round","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Egypt-based fintech startup Dopay has secured USD 18 mn in funding in a series A round led by UK VC firm Force Over Mass Capital, Dutch development bank FMO and NN Group, the company said in a statement yesterday. African investor Mbuyu Capital and Nordic fund Alder Tree Investments also\u2026","rel":"","context":"In &quot;Startup watch&quot;","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\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565801,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/flextock-seals-record-pre-seed-funding\/","url_meta":{"origin":557270,"position":3},"title":"Flextock seals record pre-seed funding","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25 mn pre-seed investment round, just two months after graduating from Y Combinator\u2019s winter batch, according to TechCrunch.This is the largest ever pre-seed round managed by a MENA startup, and exceeds\u2026","rel":"","context":"In &quot;SPEED ROUND: STARTUP WATCH&quot;","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","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":557270,"position":4},"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 &quot;Moves&quot;","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":[]},{"id":549631,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/kashat-lands-funding-from-us-pan-african-vc\/","url_meta":{"origin":557270,"position":5},"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 &quot;Startup watch&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557270","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=557270"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557270\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557271"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557270"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557270"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}