Egyptian Fintech Kashat Raises USD 1.75 Mn Bridge Round

Egypt-based fintech and microloan solutions provider Kashat has successfully raised USD 1.75 Mn in its latest funding. The Bridge round was led by the Pan-African fund Launch Africa and saw the participation of several key regional investors including previous investor, Cairo Angels.

Kashat provides nano financial services currently in the form of small loans for the unbanked and under-banked demographics in Egypt, in an attempt to positively impact financial inclusion in the country. The startup plans to utilize its newly acquired funds to further support and develop its platform, as well as expand its operations.