When was Kashat founded?

Kashat was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Kashat located?

Kashat is headquartered in Cairo, Egypt.

Who is the current CEO of Kashat?

Karim Nour of Kashat. They have also founded 2 companies.

How many employees does Kashat have?

As of Aug 31, 2026, the latest employee count at Kashat is 15.

Is Kashat a funded company?

Kashat is a funded company, having raised a total of $1.75M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 28, 2021.

When was the latest funding round of Kashat?

Kashat's latest funding was a $***** Seed round on Sep 12, 2021, with participation from 2 investors. Its primary sector is Digital Lending. In Egypt, the Digital Lending sector has seen $256M in funding in 2026 to date.

Where does Kashat rank among its competitors?

Kashat ranks 3rd amongst 5 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was MNT Halan, which secured $82M in Oct, 2026.

Who are the top competitors of Kashat?

Kashat's top competitors include MNT Halan, Halan and Agel. Among them, MNT Halan secured the most recent funding round in October, 2026.

Kashat - 2026 Company Profile, Team, Funding & Competitors

Kashat is an acquired company based in Cairo (Egypt), founded in 2019 by Karim Nour and Sumair Farooqui. It operates as an App-based platform for business loans. Kashat has raised $1.75M in funding from Cairo Angels and Launch Africa. The company has 5 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like MNT Halan, Halan and Agel.

Company Details

App-based platform for business loans. Users need to provide personal and business details and national ID details for the registration process. Repayment can be done via the app by credit/debit cards or bank transfers. The application is available on Android devices.

Website: kashat.com.eg
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Key Metrics

Founded Year

2019

Location

Cairo, Egypt

Stage

Acquired

Total Funding

$1.75M in 2 rounds

Latest Funding Round

Seed, Sep 12, 2021, $*****

Investors

Cairo Angels & 3 more

Ranked

3^rd among 5 active competitors

Employee Count

15 as on Aug 31, 2026

Similar Companies

Funding Societies & 747 more

Exit Details

Acquired by Raseedi (Jan 14, 2025)

View Kashat's full profile

Kashat got acquired by Raseedi on Jan 14, 2025.

Click here to take a look at Kashat's acquisition in detail

Kashat has raised a total funding of $1.75M over 2 rounds. Its first funding round was on Apr 28, 2021. Its latest funding round was a Seed round on Sep 12, 2021 for $*****. 2 investors participated in its latest round. Kashat has 4 institutional investors.

Here is the list of recent funding rounds of Kashat:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 12, 2021	5639813	Seed	2384115	7815038	9727202	7920776
Apr 28, 2021	4646017	Seed	1443513	8014653	Cairo Angels	4684482

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View details of Kashat's funding rounds and investors

The founders of Kashat are Karim Nour and Sumair Farooqui. Karim Nour is the CEO of Kashat.

Here are the details of Kashat's key team members:

Karim Nour: Co-Founder & CEO of Kashat and founder of 1 other company.
Sumair Farooqui: Co-Founder & Managing Director of Kashat.

View details of Kashat's Founder profiles and Board Members

Kashat's employee count trend

Kashat has 15 employees as of Aug 26. Here is Kashat's employee count trend over the years:

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Top competitors of Kashat include MNT Halan, Halan and Agel. Here is the list of Top 10 competitors of Kashat, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MNT Halan 2017, Giza (Egypt), Series E	Provider of lending, payment, and e-commerce solutions for underserved markets	$668M	Apis Partners, Chimera & 17 others	68/100
2nd	Halan 2017, Giza (Egypt), Series B	Provider of financial services including lending, investment, money transfer, and shopping	$19.9M	Algebra Ventures, Middle East Venture Partners ... & 1 others	62/100
3rd	Kashat 2019, Cairo (Egypt), Acquired	App-based platform for business loans	$1.75M	Acasia Ventures, Launch Africa & 2 others	47/100
4th	Agel 2021, Maadi (Egypt), Seed	Online lending platform for merchant financing solutions	-	Flat6Labs, Seedstars International Ventures ... & 3 others	33/100
5th	WeLend 2024, Cairo (Egypt), Seed	Provider of AI-powered lending solutions for individuals and small businesses	$100K	Orbit Ventures	18/100
6th	Easy Money Loan 2020, Liverpool (United Kingdom), Deadpooled	Online lending solutions for consumer and business loans	-	-	15/100