Shaker Group, a major manufacturer of air conditioners and home appliances, has invested in Cashew KSA, a subsidiary of Cashew, a finance and payment app.
Startups saw record levels of VC investments, according to reports by CB Insights, a leading technology insights firm, which reported global investments of USD 621 billion last year.
Cashew aims to grow into the rapidly expanding ‘buy now, pay later’ (BNPL) sector, with Egypt as a top potential market.
Type above and press Enter to search. Press Esc to cancel.