Cashea Secures $100 Million to Enhance Interest-Free Financing in Venezuela
Cashea, a fintech company based in Caracas, Venezuela, has raised $100 million in a Series A and Series B funding round. The company specializes in providing digital, zero-interest installment financing for consumer purchases both online and in physical stores across Venezuela. This funding round was led by Spice Expeditions and FinSight Ventures, with participation from a diverse group of investors including Architect Capital, Endeavor Catalyst, and U.S. endowments.
Details of the Funding Round
The funding comprises a $40 million Series A round completed in March 2026 and a $60 million Series B round closed in June 2026. Spice Expeditions spearheaded the Series A, which included $20 million in equity and $20 million in debt from Architect Capital. The Series B was led by FinSight Ventures, with contributions from Spice Expeditions, Endeavor Catalyst, and various global venture firms, including Latin American investors.
Other notable participants in this round included Washington University in St. Louis, Plug and Play, Krealo, Amador, Universidad Católica Andrés Bello, and NuMundo Ventures.
Company Background and Growth
Founded in 2022, Cashea has quickly established itself as a significant player in the Venezuelan financial sector. The company has amassed over 10 million consumer accounts, which represents more than half of the adult population in Venezuela. Cashea's merchant network extends to approximately 40,000 stores nationwide, and it has processed over 100 million transactions since its inception.
Cashea's platform allows consumers to make a down payment online or via QR code at participating stores, with the remaining balance divided into equal, interest-free payments collected bi-weekly. This model aims to improve access to consumer financing in a country where traditional credit options have drastically reduced.
Leadership at Cashea
The company was co-founded by Arnoldo Gabaldon, who serves as CFO, and Ramon Lange Fernandez, the COO, who is focused on relaunching consumer credit in Venezuela through the Buy Now, Pay Later (BNPL) model.
Strategic Use of Funds
The newly acquired funds are earmarked for expanding Cashea's core installment financing product. Additionally, the company plans to develop new financial products that will enable Venezuelans to pay, save, and purchase more effectively. Cashea also aims to introduce new tools to help merchants streamline transactions and grow their businesses.
The company’s expansion plans come at a critical time, as Venezuela continues to recover from an economic contraction. Cashea’s innovative approach to consumer credit is positioned to offer much-needed financial solutions in the region.
This funding announcement was made shortly after Venezuela experienced an earthquake, highlighting the company's commitment to enhancing financial accessibility during challenging times.