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Kashat concluded a private seed-extension round

5 months 3 weeks ago

Our friends at Kashat, one of Egypt’s hottest fintech startups, concluded a private seed-extension round in December led by the Cairo Angels, co-founders Karim Nour and Sumair Farouki (LinkedIn) tell us.

Both Kashat and Cairo Angels declined to specify a ticket size, but said the transaction was the Angels’ largest investment in its decade-long history.

The news comes a day after the company, Egypt’s first FRA-regulated nano-finance player, integrated with e-payment platform Fawry.

Kashat has already integrated with Vodafone Cash and Aman, and the Fawry hookup will give customers more cash-in and cash-out venues thanks to Fawry’s sprawling national network.

Kashat was recently named one of the country’s top fintech players by Daily Finance and launched a national nano-finance campaign in January.

 

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