Fintech company Cashea has completed two rounds of financing totaling 100 million USD, led by FinSight Ventures and others

According to Bloomberg, Venezuela's largest fintech company Cashea recently completed two rounds of financing totaling $100 million, including a $60 million Series B round led by FinSight Ventures in June this year, and a $40 million Series A round completed in March led by Spice Expeditions, which included $20 million in debt provided by Architect Capital. Several U.S. donor funds and Latin American investment institutions participated.

Founded in 2022, Cashea provides "buy now, pay later" services for Venezuelan consumers who have long been credit-constrained. Users can make a down payment via the app or by scanning a code offline and then pay in interest-free installments. The company claims to have processed over 110 million transactions, serving more than 10 million accounts, with partnerships reaching 40,000 merchants. The new funds will be used to expand credit products and support post-disaster reconstruction.