Cashew
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 2.1m | 3.9m | 9.0m |
% growth | - | 86 % | 132 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $1.0m | Seed | |
N/A | N/A | Seed | |
* | N/A | $40.0m | Series A |
* | $5.0m | Debt | |
* | $5.0m | Early VC | |
* | N/A | Growth Equity VC | |
* | N/A | Growth Equity VC | |
Total Funding | €41.8m |
Recent News about Cashew
EditCashew Payments is a fintech startup that operates in the United Arab Emirates (UAE) market. The company offers a mobile application that simplifies bill payments, making it quick and easy for users. The app is designed to serve individuals who are 21 years or older and have a UAE issued debit or credit card.
The company's business model is centered around providing alternative financing solutions, which are essentially non-traditional ways of obtaining funds. This includes services like Buy Now Pay Later (BNPL), a payment method that allows consumers to purchase goods and services immediately and pay for them over time. This is particularly appealing to younger generations like Gen Z and Millennials who prefer digital retail and virtual shopping.
Cashew Payments also emphasizes the importance of regulatory oversight to ensure the long-term viability of these alternative financing solutions. This means they work within the rules set by financial authorities to protect consumers and promote a trustworthy form of credit.
The company makes money by charging fees for its services. When a user signs up and gets verified by uploading their personal documents, they can view and manage their installments and payments through the app.
In summary, Cashew Payments is a digital platform that simplifies bill payments and offers alternative financing solutions in the UAE, targeting younger, tech-savvy consumers.
Keywords: Fintech, Bill Payments, Mobile Application, Alternative Financing, Buy Now Pay Later, Regulatory Oversight, Digital Retail, Virtual Shopping, UAE Market, Credit Profile.