Venezuelan buy-now-pay-later fintech Cashea raises a $100 million Series B to let consumers pay for purchases in interest-free installments. The round ranks among the largest venture financings by a Venezuelan-founded technology company.
Cashea raises $100 million across Series A and Series B rounds after building a buy-now-pay-later platform. The platform reaches 35 percent of Venezuelan adults, signaling growing investor confidence in Venezuela's fintech market.
Venezuelan buy now, pay later fintech Cashea raises $100 million in new funding. The company plans to use the capital to develop financial products and improve its technology, with backing from American institutions, global investment firms, and Latin American investors.
Cashea processes more than one buy-now-pay-later credit per second in Venezuela and facilitates over 3 percent of the country’s GDP. It is rebuilding consumer credit access in a market long starved of financing.
