Kashat
“Can nano-lending to Egypt's unbanked population serve as the entry point to broad financial inclusion and identity-building for the underserved?”
Founded2019
HQCairo, Egypt
Total raised$3.75M
Latest roundConvertible Note, 2021
IndustryFintech / Lending
The story
Kashat launched in 2019 as Egypt's first nano financial services provider, focused exclusively on serving the unbanked and underbanked population via an Android-only app. The company offers short-term micro-loans (100–2,000 EGP) to help users build a financial identity, positioning itself as an entry point to financial inclusion rather than a full-service neobank. Now operating under parent company Raseedi, Kashat remains a narrow-focus micro-lending vehicle in the Egyptian market.
Last 12 months
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Product timeline
2019
Kashat founded as Egypt's first nano-lending app, targeting unbanked consumers with micro-loans starting at 100 EGP.· lending
2021
Raised angel round led by Acasia Group and a $1.8M convertible note to expand nano-loan operations.· lending
The stack
1 layer disclosed in Kashat’s embedded-finance stack
Lending
Nano-loans (100–2,000 EGP short-term micro-loans)
Accounting gap: none