BlockBeats News, July 21st, according to Bloomberg, Venezuela's largest fintech company Cashea has raised a total of $100 million through two funding rounds. Global investors are betting that the company can achieve growth in a market long constrained by credit access.
Cashea stated that the company completed a $60 million Series B funding round in June, with FinSight Ventures leading the round. Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors participated in this round.
Prior to this, Cashea also raised $40 million in a Series A funding round in March, led by Spice Expeditions. This included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.
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