Cashea, a Venezuelan FinTech focused on expanding responsible consumer credit, has secured a $100m Series B round that will be invested entirely in its home market.
The capital comes from a mix of US institutions, global investment firms and Latin American backers, all of whom have chosen to put their weight behind Venezuela’s economic potential. The funds will go towards broadening access to responsible credit, building fresh solutions for both consumers and businesses, and creating further opportunities across the country.
The raise arrives just weeks after earthquakes hit Venezuela. In response to those events, the company rolled out ‘Venezuela, I Believe in You’, a programme designed to help affected families and enterprises. Cashea has framed the new investment as a continuation of that same pledge to the country.
Notably, representatives from several of the participating funds visited Venezuela ahead of committing capital.
During those trips, they met users and merchant partners on the ground and examined how credit availability can open doors for millions of citizens, with their eventual participation described by the company as a vote of confidence in Venezuelans and the nation’s future.
Cashea operates an ecosystem serving millions of users and thousands of partner businesses, and the funding will support the development of new financial products, reinforce its technology stack and grow the range of solutions on offer.
Beyond its core operations, the firm will keep backing social programmes such as Generación Impulso, which currently delivers programming and robotics training to 7,800 teenagers.
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