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Founded Year



Corporate Minority - II | Alive

Total Raised


About Cashew

Cashew provides payment services. The company specializes in POS financing. The company's platform allows users to buy now, and pay later with interest-free installments. Cashew was founded in 2020 and is based in Dubai, United Arab Emirates.

Headquarters Location

Sheikh Zayed Road Maze Tower,


United Arab Emirates

+971 4 5616811

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Cashew's Products & Differentiators

    Pay in 3

    With the Pay in 3, customers can split their purchase into 3 equal amounts. The outstanding amounts will be debited from their existing credit or debit card on a monthly basis following the installment plan selected.

Expert Collections containing Cashew

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cashew is included in 3 Expert Collections, including Store tech (In-store retail tech).


Store tech (In-store retail tech)

1,544 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.



3,438 items


Digital Lending

148 items

Track and capture company information and workflow.

Latest Cashew News

Shaker Group acquires 10% stake in Cashew

Apr 4, 2023

Shaker Group acquires 10% stake in Cashew UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by Ammar Afif and Ibtissam Ouassif, Cashew is a buy now pay later (BNPL) fintech, while Shaker Group, founded in 1950, is a Saudi AC importer and manufacturer and distributor. The investment will allow Shaker Group to strengthen its e-commerce and retail platforms by adopting digital financing solutions. Press release: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker Group”),  Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home  Appliances, has announced today the completion of a 10% investment in Cashew Arabia Company for Information Technology (“Cashew KSA”), the subsidiary of Cashew Payments Holding Limited  (“Cashew Holding”). The investment follows the Memorandum of Understanding (MoU) between the two companies in June 2022 and was made through its subsidiary Shaker Innovative Investments Company which is 90% owned by Shaker Group. Through this strategic investment, Shaker Group aims to strengthen its e-commerce and retail platforms and unlock significant potential in the segment as consumers increasingly adopt digital financing solutions and e-commerce continues to experience sustained growth in the Kingdom, projected to reach $11.52 billion in 2023 (statista*1). This move is expected to further solidify  Shaker Group's position as a leader in the digital retail space and drive innovation in the e-commerce market, which will continue to grow in line with the Saudi government’s 2030 vision to have a 70 per cent cashless society. Mr Mohammed Ibrahim Abunayyan, CEO at Shaker, said: "We are excited to have finalized this investment in Cashew KSA, which aligns with our strategic initiatives of growth and innovation. We are confident that our partnership with Cashew KSA will bring about significant growth opportunities for both companies in the rapidly expanding digital lending space, including the BNPL market in Saudi Arabia. We look forward to supporting Cashew  KSA in their efforts to launch and accelerate their market share growth within the sector in the  kingdom." Mr Ammar Afif, CEO & Co-founder at Cashew KSA, said: “Saudi Arabia continues to see tremendous growth in the retail and e-commerce sector, and with Shaker Group's extensive experience in the retail market and its commitment to innovation, we are confident that our partnership will drive significant growth for both companies. With their support,  we can build the infrastructure needed to meet the demand for digital lending solutions in the region’s fastest-growing consumer market. Together we will enable Saudi consumers with a wide variety of digital lending products, and a financial management hub and provide a compelling user experience. We are thrilled to have Shaker Group as a strategic investor in Cashew KSA.”

Cashew Frequently Asked Questions (FAQ)

  • When was Cashew founded?

    Cashew was founded in 2020.

  • Where is Cashew's headquarters?

    Cashew's headquarters is located at Sheikh Zayed Road, Dubai.

  • What is Cashew's latest funding round?

    Cashew's latest funding round is Corporate Minority - II.

  • How much did Cashew raise?

    Cashew raised a total of $10M.

  • Who are the investors of Cashew?

    Investors of Cashew include Shaker Group and Mashreq Bank.

  • Who are Cashew's competitors?

    Competitors of Cashew include Tabby and 8 more.

  • What products does Cashew offer?

    Cashew's products include Pay in 3 and 4 more.

Compare Cashew to Competitors


Tamara develops a shopping and payment platform. It offers a buy now pay later solution to customers. The company allows customers to make interest-free split payments. Tamara was founded in 2020 and is based in Riyadh, Saudi Arabia.


Tabby is a shopping and financial services application. It allows users to shop with online payments and in-store from global brands. It enables customers to buy items on flexible credit with safe payments. It was founded in 2019 and is based in Dubai, U.A.E.

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MNT-Halan offers financial services to business organizations. It offers BNPL services, nano loans, microfinance, SME lending, payroll lending, and light-vehicle financing. The company was founded in 2017 and is based in Cairo, Egypt.


Khazna is a mobile financial services platform providing financial benefits to employees, labor, and contractors. It empowers users to save, pay, borrow, and insure with little or no face-to-face and phone interactions. The company was founded in 2019 and is based in Cairo, Egypt.


Shahry develops a mobile lending application.

Postpay Logo

Postpay is a platform that splits payments into two or four installments.

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