Cashea, described by Bloomberg as the largest fintech company in Venezuela, has raised a combined $100 million through two financing rounds. The company said it closed a $60 million Series B in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, in March, Cashea completed a $40 million Series A led by Spice Expeditions. That round included $20 million in equity financing and another $20 million in debt financing provided by Architect Capital. Bloomberg said global investors are betting the company can grow in a market that has long faced restricted access to credit.
Cashea, the largest fintech company in Venezuela, has raised a total of $100 million across two financing rounds, according to Bloomberg. Global investors are betting the company can expand in a market that has long been constrained by limited access to credit.
Cashea said it completed a $60 million Series B round in June. FinSight Ventures led the round. Participants included Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and investors from Latin America.
Before that, the company closed a $40 million Series A in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing from Architect Capital.
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