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Kashat Expands Its Coverage to Serve 40 Million More Egyptians!

1 month 1 week ago

● Kashat celebrates full-country expansion and increases its nano loans limit to support its users.

● Customers can now disburse and repay from ALL electronic wallets.

Today, Kashat, the region’s first nano financial service provider, marks its presence in all of Egypt*! By extending its services to nine new governorates (Luxor, Aswan, Beheira, Bani Suef, Fayoum, Marsa Matrouh, Menoufia, Sharkia, and Kafr El Sheikh), Kashat is able to serve a whooping 100.4 million Egyptians. The company increased its loan limit by almost 50% to support the un- and underbanked population during this time of economic hardship. Using the Kashat app, users can now get digital loans up to 2,000 EGP instantly.

Kashat’s first product – fully digital, instant nano loans – gives users a credit score and allows them to borrow money in a matter of minutes using their smartphones. In a recent update, customers can now withdraw and repay their loans from ALL telecom and bank e-wallets.

Kashat, who is regulated by the FRA, serves as an entry point to financial inclusion and works to spread financial literacy in Egypt. The startup has raised over 5 MN USD to date and is expected to have more exciting announcements in 2022.

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