Digital financial technology company Cashea completes $100 million total financing, led by FinSight Ventures

Odaily reports that digital financial technology company Cashea has announced the completion of two rounds of financing totaling $100 million. This includes a $60 million Series B round led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, university endowments from the United States, and Latin American investors. It also includes a $40 million Series A round, consisting of $20 million in equity financing and $20 million in debt financing, led by Spice Expeditions, with debt funding support from Architect Capital.

Founded in Venezuela, Cashea primarily provides digital financial services through its mobile application. Due to long-standing restrictions on the local bank credit market, consumer financing demand persists. Cashea aims to leverage its technology platform to offer more convenient payment and credit solutions for both consumers and merchants. (Bloomberg)