Kashat

Kashat, founded in 2019, operates in Cairo, Egypt, providing innovative financial services including instant loans.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.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. The business model emphasizes a straightforward pricing structure based on loan amounts and repayment terms, ensuring transparency in transaction processes.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.

1. Angel

   Apr 25, 2021

   Amount

   Undisclosed

   Investors

   Locked