About Cashew Payments Technology
Cashew Payments Technology is a company based in Dubai (United Arab Emirates) founded in 2019 by Ibtissam Ouassif and Ammar Afif.. Cashew Payments Technology has raised $10 million across 2 funding rounds from investors including Shaker Group and Mashreq Bank. Cashew Payments Technology offers products and services including Cashew App, Financing, Payments, and Hub. Cashew Payments Technology operates in a competitive market with competitors including Tabby, Tamara, Postpay, Spotii and Lazzypay, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Ibtissam Ouassif, Ammar Afif
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cashew Technology Software L.L.C.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Shaker Group
& 1 more
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Employee Count
Employee Count
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Products & Services of Cashew Payments Technology
Cashew Payments Technology offers a comprehensive portfolio of products and services, including Cashew App, Financing, Payments, and Hub. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(09 May 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Cashew Payments Technology | Valuation |
investors |
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| May, 2022 | Amount | Series A - Cashew Payments Technology | Valuation | Mashreq Bank |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Consumer electronics and appliances are distributed by Shaker Group.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses internationally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cashew Payments Technology
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cashew Payments Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cashew Payments Technology Comparisons
Competitors of Cashew Payments Technology
Cashew Payments Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tabby, Tamara, Postpay, Spotii and Lazzypay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Purchase financing solutions are offered to businesses via installment payments.
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| domain | founded_year | HQ Location |
Buy-now-pay-later installment solutions are provided for retail shoppers.
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| domain | founded_year | HQ Location |
Developer of an online platform for point-of-sale financing
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| domain | founded_year | HQ Location |
Purchase financing solutions are offered to customers for installment payments.
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| domain | founded_year | HQ Location |
Offers payment financing solutions for shoppers to enhance purchasing experiences.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cashew Payments Technology
Frequently Asked Questions about Cashew Payments Technology
When was Cashew Payments Technology founded?
Cashew Payments Technology was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Cashew Payments Technology located?
Cashew Payments Technology is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Cashew Payments Technology?
Ammar Afif is the current CEO of Cashew Payments Technology. They have also founded this company.
Is Cashew Payments Technology a funded 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 09, 2022.
What does Cashew Payments Technology do?
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.
Who are the top competitors of Cashew Payments Technology?
What products or services does Cashew Payments Technology offer?
Cashew Payments Technology offers Cashew App, Financing, Payments, and Hub.
Who are Cashew Payments Technology's investors?
Cashew Payments Technology has 2 investors. Key investors include Shaker Group, and Mashreq Bank.
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