Kashat, Egypt's first Nano lending mobile application, launched in January 2020 to offer instant short-term loans to small business owners and freelancers, addressing the needs of the underbanked. With a vision to provide a sustainable, secure, and transparent financial solution, Kashat simplifies banking for those who find it difficult to maintain a traditional bank account. The app features easy sign-up and secure verification, approving loans within minutes and transferring funds to users' eWallets, accessible from partner branches. Since its launch, Kashat has achieved over 1 million downloads, expanded to reach 100 million Egyptians, and distributed over 100,000 loans.
Since the beginning of Kashat's partnership with VentureDive in 2018, Kashat introduced a fintech model in a region with 70% of the population underbanked. VentureDive developed the app's MVP in just 4 months, including a mobile app, web-based admin portal, and agent portal, all with robust security measures. This collaboration has led to an extended partnership, focusing on continuous development and support. With various partnerships and premium features, Kashat continues to empower micro-businesses, freelancers, and entrepreneurs with instant funds and a seamless banking experience.
