Cashea ad on the Nasdaq tower. Photo: Romina Hendlin
Believing in Venezuela has always been part of who we are.
Today we want to share news that will allow us to do even more: Cashea announced a US$100 million investment that will be entirely dedicated to Venezuela to expand access to responsible credit, develop new solutions for consumers and businesses, and continue building opportunities for those who drive Venezuela forward every day.
This investment corresponds to Cashea's Series B funding round and has the backing of US institutions, global investment firms, and Latin American investors who have decided to bet on Venezuela's potential.
This announcement comes weeks after the earthquakes that struck the country. In that context, we launched 'Venezuela, I Believe in You', an initiative to support Venezuelan families and businesses. This investment represents another step in that same commitment.
Before investing, representatives from several of these funds traveled to Venezuela to learn firsthand about our work, speak with users and partner businesses, and understand how access to credit can expand opportunities for millions of people. Their decision represents a vote of confidence in Venezuelans and in the future of the country.
This investment will allow us to continue developing new financial products, strengthen our technology, and expand the solutions available to millions of users and thousands of partner businesses that are part of the Cashea ecosystem. We will also continue to support initiatives like Generación Impulso, which currently provides 7,800 teenagers with training in programming and robotics.
