About Cashew Payments Technology
Cashew Payments Technology is a Financial Services company based in Dubai (United Arab Emirates) founded in 2019 by Ibtissam Ouassif and Ammar Afif. Payments are split into interest-free installments at point-of-sale. Cashew Payments Technology has raised $10 million across 2 funding rounds from investors including Shaker Group and Mashreq Bank. Its chief executive, as recorded, is Ammar Afif. Cashew Payments Technology offers products and services including Cashew App, Financing, Payments, and Hub. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is Cashew Technology Software L.L.C. Its competitors include Tabby, Postpay and Spotii; 2 of its 3 listed competitors have raised funding.
Company details
Cashew Payments Technology was founded in 2019 in Dubai, United Arab Emirates. A point-of-sale financing platform is provided, enabling payments to be divided into interest-free installments over three, six, or twelve months. Operations support checkout processing, in-store transactions via QR codes, and remote payments through links, serving the fintech sector in the region.
- Headquarters Dubai, United Arab Emirates
- Founders Ibtissam Ouassif, Ammar Afif
- SectorsFinancial Services
- Website cashewpayments.com
- Social LinkedIn X
- Legal Name Cashew Technology Software L.L.C.
- Total Equity Funding$10M (USD)
in 2 rounds
- InvestorsShaker Group
& 1 more
Products & Services of Cashew Payments Technology
Cashew Payments Technology offers a comprehensive portfolio of products and services, including Cashew App, Financing, Payments, and Hub.
Enables buy now pay later and payment management for users.
Offers flexible repayments for larger purchases up to 12 months.
Allows splitting costs into interest-free installments.
Facilitates bill monitoring and spending insights for users.
Funding Insights of Cashew Payments Technology
Cashew Payments Technology has successfully raised a total of $10M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 2
- First Round $10M
(May 2022)
- Investors Count 2
All 2 funding rounds of Cashew Payments Technology with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | Series A | – | – | ||
| May 2022 | $10M | Series A | – | Mashreq Bank | – |
2 investors in total: 2 institutional.
Investors in Cashew Payments Technology
Cashew Payments Technology has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Shaker Group and Mashreq Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Consumer electronics and appliances are distributed by Shaker Group. | 1950 | shaker.com.sa | Riyadh, Saudi Arabia | |
Commercial banking services are offered to individuals and businesses internationally. | mashreqbank.com | Dubai, United Arab Emirates |
Investor details for Cashew Payments Technology
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People of Cashew Payments Technology
10 people are tracked at Cashew Payments Technology (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Ibtissam Ouassif | Co-Founder & CPO & Head of Product | Leadership |
Ammar Afif | Founder & CEO | Leadership |
Liezil Gee | Executive Assistant To Chief Executive Officer | Leadership |
Siham Halabi | Chief People Officer | Leadership |
Mohammad Malas | Product | Team |
Jonathan Leon | Ux/ui Lead | Team |
Asad Khan | Product | Team |
Pooya Golchian | Senior Software Developer | Team |
Abdul Naseer | Accounting Manager | Team |
Ananda Kumar | Investments & Strategic Partnerships | Team |
Complete people profiles for Cashew Payments Technology
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Timeline of Cashew Payments Technology
3 dated milestones of Cashew Payments Technology across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cashew Payments Technology is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series A,.
Competitors of Cashew Payments Technology
Cashew Payments Technology has 3 listed competitors in our database, 2 of them funded. They include Tabby, Postpay and Spotii.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tabby.ai | 2019 | Dubai, United Arab Emirates | $604M | Purchase financing solutions are offered to businesses via installment payments. | ||
| postpay.io | 2019 | Dubai, United Arab Emirates | $10M | Developer of an online platform for point-of-sale financing | ||
| spotii.com | 2019 | Dubai, United Arab Emirates | Purchase financing solutions are offered to customers for installment payments. |
Detailed competitors of Cashew Payments Technology
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Web traffic of Cashew Payments Technology
The website of Cashew Payments Technology (cashewpayments.com) receives about 4.5K visits a month.
- Monthly visits4.5K
▲ 20.3% vs previous month
Websites whose visitors overlap most with Cashew Payments Technology. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| aundigital.ae | 100% | 18.4K | #1,214,296 | View details | |
| telr.com | 70% | 278.7K | #150,629 | View details |
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Frequently Asked Questions about Cashew Payments Technology
Cashew Payments Technology was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Cashew Payments Technology is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Ammar Afif is the CEO of Cashew Payments Technology, as recorded in our data. They have also founded this company.
Cashew Payments Technology is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on May 2022.
Cashew Payments Technology was founded in 2019 in Dubai, United Arab Emirates. A point-of-sale financing platform is provided, enabling payments to be divided into interest-free installments over three, six, or twelve months. Operations support checkout processing, in-store transactions via QR codes, and remote payments through links, serving the fintech sector in the region.
Cashew Payments Technology offers Cashew App, Financing, Payments, and Hub.
Cashew Payments Technology has 2 investors. Key investors include Shaker Group, and Mashreq Bank.
Cashew Payments Technology operates through Cashew Technology Software L.L.C..