Equity investment · Fintech
Proparco invests €600,000 in Cashi to expand digital payments in Sudan
The equity investment supports essential financial services for people and businesses in underserved communities.
Proparco announced a €600,000 equity investment in Cashi on November 9, its first financing operation in Sudan. The investment will support the fintech’s digital payment services in fragile and underserved markets.
Cashi enables deposits, withdrawals, bill payments and transfers through local merchants. Alongside its MyCashi wallet, the company uses USSD, SMS and offline cards to help customers transact through connectivity disruptions and support humanitarian payments.
Use of funds
Expand essential digital payment services in Sudan and underserved markets
Funding history
Equity investment · This round€600K