Cashea has raised $100 million from global institutional investors to expand its interest-free financing platform and develop additional financial products for consumers and merchants across Venezuela. The financing consists of a previously undisclosed $40 million Series A completed in March 2026 and a $60 million Series B closed in June 2026. Cashea said the full $100 million will be invested in Venezuela.
Spice Expeditions led the Series A, which included $20 million in equity and $20 million in debt provided by Architect Capital. FinSight Ventures led the Series B, with participation from Spice Expeditions, Endeavor Catalyst, U.S. endowments, global venture firms and Latin American investors.
Additional investors included Washington University in St. Louis, Plug and Play, Krealo, Amador, Universidad Católica Andrés Bello and NuMundo Ventures.
Founded in Caracas in 2022, Cashea provides fully digital, zero-interest installment financing for purchases made online and at physical stores. The company has more than 10 million consumer accounts, representing the equivalent of more than half of Venezuela’s adult population, according to Cashea.
Its merchant network includes approximately 40,000 stores nationwide. Cashea has facilitated more than 100 million transactions since launching.
Through the Cashea application, customers can make an initial payment online or scan a QR code at a participating store. The remaining purchase price is then divided into equal payments collected every two weeks without interest.
The model is designed to expand access to consumer financing in a market where traditional credit availability declined sharply during Venezuela’s economic contraction. Cashea said consumer credit fell from approximately $15 billion to $1.7 billion between 2013 and 2020.
The company uses transaction and repayment information to establish trust between consumers and merchants. Its platform allows participating businesses to offer installment payments without independently building underwriting, collections and payment technology.
Cashea plans to use the funding to expand access to its core installment product while developing new ways for Venezuelans to pay, save and make purchases. It also intends to introduce additional tools that help merchants process transactions and grow their businesses.
The company announced the financing shortly after an earthquake affected Venezuela. Cashea said it responded by waiving late fees nationwide, advancing cash to merchants and widening access to credit for households replacing damaged or lost items.
Cashea believes the financing demonstrates international investor interest in Venezuela’s private sector and consumer economy. Its backers conducted on-the-ground visits that included meeting the management team, visiting partner stores and observing customers using the service.
FinSight Ventures manages more than $1 billion in assets and focuses on financial technology, enterprise software and artificial intelligence. Spice Expeditions invests globally in high-growth businesses operating at the intersection of finance and technology.
KEY QUOTES:
“Global investors are backing Cashea and a new vision of Venezuela: a resilient consumer economy, thriving merchants and millions of people with access to credit.”
“Since we founded Cashea in 2022, we have worked to stand alongside Venezuelans and their businesses through the country’s most difficult moments. This financing sends a clear signal that Venezuela’s private sector is investable and that its consumers are responsible and creditworthy when given access to adequate financial services.”
“We created Cashea because we believed in Venezuela and its people. This financing gives us both the ability and the responsibility to go beyond our core installment product, building new ways for Venezuelans to pay, save and buy, and new tools for the businesses that serve them.”
“What we are building is the financial fabric of how Venezuela buys and sells.”
Pedro Vallenilla, Co-Founder and CEO of Cashea
