Kashin is a Peruvian lending app that offers small loans from a phone, including first credits from S/50 to S/800. Kashin says it is a brand of Trustek S.A.C., while electronic money in its wallet is issued by GMoney S.A. under SBS supervision. The site highlights fast registration with DNI, a stated zero harassment policy, and a referral program that pays S/20 per qualified referral.
Founder
Founder and Critical Thinking Officer
Kashin operates in the online loan market in Peru and faces competition from several notable companies, each with unique offerings:
Bold: Provides payment services and terminals for small and medium enterprises. Its focus on payment solutions differentiates it from Kashin's microlending model.
Kala: Specializes in digital lending, offering quick loan approvals. This rapid response time may appeal to customers seeking immediate financial solutions.
Moni: Focuses on instant personal loans, providing a straightforward lending process that could attract users looking for quick cash.
Apurata: Targets underbanked middle-class individuals in Latin America, offering tailored financial solutions that may resonate with a specific demographic.
PayMe India: Offers short-term financial solutions, which could be advantageous for users needing quick access to funds.
Latin Fintech: Provides a fast personal loan service through its platform, Andy, with immediate credit evaluations and quick fund disbursement, potentially outpacing Kashin in speed.
Preauth.io: Utilizes pre-authorizations as collateral, reducing default risk and providing a secure lending environment, which may be more appealing to risk-averse borrowers.
Kontigo.pe: Connects borrowers with financial institutions, emphasizing a fully online service that enhances user experience.
SomosMoto: Focuses on vehicle financing, catering to a niche market that Kashin does not specifically target.
Prestamype: Offers peer-to-peer lending for micro and small enterprises, providing secured loans with real estate or vehicle guarantees, which may attract investors looking for profitable opportunities.
Investamype: Focuses on tax management and credit mechanisms, offering a different aspect of financial services that does not directly compete with Kashin.
Wolet: Aims to become a global neobank for SMEs, providing a broader range of financial services compared to Kashin's specific microlending focus.
Kashin's notable advantage lies in its innovative approach to managing default risk by rewarding timely payments with increased credit lines and reduced interest rates, appealing to borrowers seeking flexible lending options.
Kashin has a total of 13 investors, with notable participation in their funding rounds, particularly in the Pre-Seed round that closed on August 3, 2022.
Kashin primarily focuses on the financial services industry, specifically in providing online loans in Peru.