Deal Street

Egyptian Fintech Startup Kashat Gets Angel Funding
Egyptian Fintech Startup Kashat Gets Angel Funding

Kashat, an Egyptian microloans fintech startup, has announced that it has raised funding of an undisclosed amount from The Cairo Angels, a global network of angel investors focused on supporting startup opportunities in Egypt, the Middle East, and Africa.

Kashat is a Nano lending mobile application that offers instant, short-term loans to small business owners. The app offers short-term loans that start from as low as 100 EGP(USD 6) up to 1500 EGP (USD 96) with a repayment plan of up to 61 days.  Kashat plans to use this new investment to fuel its growth in the region.