Venezuelan fintech company Cashea has raised $100mn from a group of international investors led by FinSight Ventures and Spice Expeditions, the company said on July 21, in one of the largest funding rounds for a consumer-facing business operating solely in Venezuela.

The capital comprises a previously undisclosed $40mn Series A led by Spice Expeditions, which closed in March, made up of $20mn in equity and $20mn in debt from Architect Capital, and a $60mn Series B led by FinSight Ventures, which closed in June, Cashea said. The Series B also drew participation from Spice Expeditions, Endeavor Catalyst and a group of US endowments and Latin American investors.

Cashea said the full $100mn would be invested in Venezuela to expand access to instalment credit for consumers and to support merchants.

The announcement comes nearly a month after twin earthquakes struck the South American nation, killing more than 5,000 people and causing an estimated $37bn in damage, according to the UN. Cashea said it had responded by waiving late payment fees nationwide, advancing cash to merchants to shore up their liquidity, and widening access to credit to help affected families replace lost belongings.

"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," said Pedro Vallenilla, Cashea's co-founder and chief executive. "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."

Consumer credit in Venezuela shrank to $1.7bn from $15bn between 2013 and 2020, as the country's gross domestic product fell by more than 80%, according to Cashea. The company said it was founded in Caracas in 2022 to rebuild access to credit by offering fully digital, zero-interest instalment financing for everyday purchases, made both online and in physical stores.

Cashea now has more than 10mn consumer accounts, a figure it says is equivalent to more than half of Venezuela's adult population, and works with a network of 40,000 stores nationwide. Shoppers make purchases online or by scanning a QR code in-store, pay an initial instalment, and settle the remainder in equal payments every two weeks at zero interest. The company said the platform has processed more than 100mn transactions since launch.

Alexey Garyunov, managing partner at FinSight Ventures, said the firm began talks with Cashea in mid-2025 but that the firm, already profitable, had no need for outside capital at the time. "When we saw Cashea's 2025 results, particularly the quality of its credit portfolio, our conviction deepened significantly," Garyunov said, adding that FinSight travelled to Caracas to meet the founders and study the business before deciding to invest.

"Venezuela is an underestimated market but its fundamentals are strong: vast natural resources, a Caribbean coastline, and urban and industrial foundations built decades ago," Garyunov said, adding that the country's greatest asset was its people, whom he described as "educated, hardworking and resilient."

Other backers in the round include Washington University in St. Louis; venture firms Plug & Play and Endeavor Catalyst; and Latin American investors Krealo, Amador, Universidad Católica Andrés Bello and NuMundo Ventures, Cashea said.

The fundraising comes as Venezuela's economy shows tentative signs of opening up following the capture of former president Nicolás Maduro by US forces in January and his replacement by acting President Delcy Rodríguez. Since then, Washington has moved to ease some sanctions on Venezuela and taken steps to re-engage on energy policy. Caracas has pushed through reforms to its vital oil, mining and electricity sectors and sought closer economic ties with the United States, developments that have fuelled early interest from foreign investors in the country's consumer and financial sectors.

Vallenilla said the new funding would allow Cashea to expand beyond its core instalment product. "What we are building is the financial fabric of how Venezuela buys and sells," he said.