Cashea lands $60M Series B to expand buy-now-pay-later in Venezuela
What's the deal? CasheaDealroom has a profile for this one. Try Dealroom →, a Caracas-based buy-now-pay-later platform, has raised a $60 million Series B led by FinSight VenturesDealroom has a profile for this one. Try Dealroom →, with participation from Endeavor Catalyst and a group of Latin American venture firms. The round follows a $40 million Series A closed in March 2026, bringing total funding to $100 million.
What does it do? Cashea lets Venezuelans buy goods in interest-free installments through an app that connects them directly to local merchants. Merchants extend the credit; Cashea insures against defaults and charges a fee. No bank is required.
Why now? Years of hyperinflation and economic contraction gutted Venezuela's formal credit system. Banks stopped lending and credit cards became relics — leaving most Venezuelans unable to buy anything they could not pay for outright.
The scale: Founded in 2022 by chief executive officer Pedro VallenillaDealroom has a profile for this one. Try Dealroom →, Cashea now processes more than one transaction per second and works with over 3,500 merchants across more than 25 cities. Roughly 35% of Venezuelan adults are active on the platform, and the company says its volume accounts for more than 3% of the country's GDP.
What could go wrong? A model built on merchant-extended credit lives or dies on defaults. So far, Cashea's non-performing loan rate sits below 2% — a figure it will need to hold as it scales.
The signal: The round ranks in the 92nd percentile by size among US fintech Series B deals — an outlier for a market global investors rarely target. It suggests that credit deserts, not just crowded developed markets, can anchor sizable fintech bets when a startup owns the infrastructure others abandoned.
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