{"id":38504,"date":"2025-01-14T14:05:00","date_gmt":"2025-01-14T11:05:00","guid":{"rendered":"https:\/\/entarabi.com\/?p=38504"},"modified":"2025-01-14T14:16:01","modified_gmt":"2025-01-14T11:16:01","slug":"raseedi-acquires-kashat-to-support-financial-inclusion-and-regional-expansion","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/01\/raseedi-acquires-kashat-to-support-financial-inclusion-and-regional-expansion\/","title":{"rendered":"Raseedi Acquires Kashat to Support Financial Inclusion and Regional Expansion"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Raseedi Announces Acquisition of Kashat<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The Deal Aims to Increase Financing for Small Projects<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Agreement Facilitates Access to Funding Within 5 Minutes via Mobile<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Agreement Provides Nano Finance Services to Small Business Owners<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">Raseedi , a fintech startup, has acquired Kashat, a microfinance company and a financial app in Egypt that offers &#8220;nano finance&#8221; services to small business owners.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Although the financial terms of the deal were not disclosed, it represents a strategic move for Raseedi , which is seeking to strengthen its product offerings.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Kashat&#8217;s Role in Enhancing Financial Inclusion<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Kashat is a platform that provides microloans to small business owners, allowing them to access instant cash loans up to 3,000 EGP in less than five minutes.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Cashat relies on advanced technologies and local algorithms for creditworthiness assessment, contributing to the acceleration of lending processes and enhancing financial inclusion.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>The Acquisition and Its Goals<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">According to statements from Raseedi , the goal of the acquisition is to introduce instant financing services into its portfolio, expanding its financial offerings.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">It is expected that individual business owners will benefit from flexible repayment periods ranging from one to three months.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company also plans to hire a new managing director to lead Kashat and recruit specialists in credit and risk management.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Plans for Regional Expansion<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Ahmed Attallah, CEO of Raseedi , revealed the company&#8217;s plans to expand into new markets such as Morocco and Uzbekistan, in addition to markets in Central and West Africa.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Attallah explained that the company is targeting markets with high populations of unbanked individuals, with plans to launch its services in Morocco within the next 12 months.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Increasing User Numbers<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Raseedi is currently working on expanding its user base, aiming to increase the number of active monthly users from 120,000 to 1.5 million over the next six to eight months.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company also plans to reach 3 million active monthly users in the long term.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Expanding Financing Scope<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Attallah mentioned that the company intends to negotiate with the Financial Regulatory Authority to raise the maximum loan limit, currently set at 3,000 EGP.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">He added that the primary goal is to provide lending opportunities for small and entrepreneurial projects, which will boost economic growth and stimulate innovation.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">This deal reflects Raseedi\u2019s commitment to offering innovative financial solutions and supporting entrepreneurs and small business owners.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">By combining Kashat\u2019s expertise with Raseedi\u2019s advanced technologies, the company is expected to make a significant impact in the financial inclusion sector, not only in Egypt but also in other regional markets soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raseedi , a fintech startup, has acquired Kashat, a microfinance company and a financial app in Egypt that offers &#8220;nano finance&#8221; services to small business owners.<\/p>\n","protected":false},"author":11,"featured_media":38505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6646,6645,5923],"class_list":["post-38504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-ahmed-attallah","tag-kashat","tag-raseedi"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=38504"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/38504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/38505"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=38504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=38504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=38504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}