Kashat expands its coverage to serve 40 million more Egyptians!

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.