Believing in Venezuela has always been part of who we are.

Today we want to share a piece of news that will allow us to do it even more: Cashea announced an investment of US$100 million that will be entirely allocated to the country to expand access to responsible credit, develop new solutions for consumers and businesses, and continue building opportunities for those who drive Venezuela forward every day.

The investment corresponds to Cashea’s Series B and brings together support from U.S. institutions, global investment firms, and Latin American investors who chose to bet on Venezuela’s potential.

This announcement comes weeks after the earthquakes that affected the country. In that context, we presented Venezuela, I believe in you, an initiative to support Venezuelan families and merchants. This investment represents another step in that same commitment.

Before investing, representatives from several of these funds traveled to Venezuela to get a close look at our work, talk with users and allied merchants, and understand how access to credit can expand opportunities for millions of people. Their decision represents a vote of confidence in Venezuelans and in the country’s future.

This investment will allow us to continue developing new financial products, strengthen our technology, and expand the solutions available to millions of users and thousands of allied merchants who today are part of the Cashea ecosystem. We will also continue to drive initiatives like Generación Impulso, which today supports 7,800 adolescents with training in programming and robotics.

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