
Instacash
Founded Year
2020Stage
Seed VC - II | AliveTotal Raised
$860KLast Raised
$800K | 2 yrs agoAbout Instacash
Instacash develops lending technology. It delivers a peer-to-peer (P2P) lending marketplace. It uses blockchain, artificial intelligence (AI), data science, and machine learning to solve the money inequality problems. The company was founded in 2020 and is based in Lima, Peru.
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Expert Collections containing Instacash
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Instacash is included in 2 Expert Collections, including Digital Lending.
Digital Lending
2,171 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
12,502 items
Excludes US-based companies
Latest Instacash News
Jun 26, 2023
5-day change Today at 07:05 am Share Vancouver, Kelowna and Delta, British Columbia--(Newsfile Corp. - June 26, 2023) - Investorideas.com, a leading investor news resource covering Fintech stocks releases a special news report on the mobile-to-mobile payment market featuring fintech company AppTech Payments Corp.(NASDAQ: APCX). Read the full article on Investorideas.com https://www.investorideas.com/News/2023/technology/06260Fintech-Mobile-Payment-Apps.asp Well-known peer-to-peer mobile payment apps currently include Venmo, PayPal, CashApp and Zelle. Mobile-to-mobile payments enable consumers to finalize transactions with a single tap; a convenient option for both businesses and their customers. According to ReportLinker, "The global p2p payment market grew from $2.62 billion in 2022 to $3.04 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The p2p payment market is expected to grow to $5.61 billion in 2027 at a CAGR of 16.5%." The P2P Payment Global Market Report 2023 names leaders such as: SnapCash, Square Inc., TransferWise Ltd., WePay Inc., Wise Payments Limited, and Zelle. Fintech innovator AppTech Payments Corp.(NASDAQ: APCX) has been building an impressive list of partnerships and just recently announced it has entered into a Strategic Partnership Agreement with InstaCash, Inc. AppTech will license its patent portfolio and develop, launch, and manage InstaCash's mobile-to-mobile payment system. From the news: InstaCash, Inc. is a peer-to-peer instant payment app similar to Venmo, Zelle, and Cash App but will offer lower transfer fees and more advanced security protocols. The payment system will facilitate business-to-business, consumer-to-business, and consumer-to-consumer or person-to-person ("P2P") transactions. AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and Visa/MasterCard sponsorship. AppTech will also provide user support services and an equity stake in InstaCash. "This partnership is a strong validation of AppTech's specialty payments division incorporating our patented technologies into our client's vision," said Luke D'Angelo, Chief Executive Officer of AppTech. "The agreement will allow us to demonstrate the core differentiation of our Fintech platform, Commerse™. This platform is a patent-backed, modular, cloud-based solution with industry-leading security features. We look forward to working with the InstaCash team and our network of banking partners to develop and manage the platform," added Mr. D'Angelo. AppTech Payments Corp. also recently announced it will join the Russell Microcap® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26. Repay Holdings a leading provider of vertically-integrated payment solutions reported in mid-June that it is adding PayPal and Venmo to its suite of payment solutions, making them available to clients across REPAY's verticals, including personal finance, auto finance, credit unions and mortgage. From the news: With its expansion of digital wallet capabilities, REPAY will enable clients to accept seamless payments with PayPal and Venmo, offering secure and convenient payments through a web browser or mobile app, and eliminating long payment forms. Through direct integration to the REPAY payment platform, this expansion is designed to help clients boost their overall revenue, as companies have found supporting preferred payment methods makes customers more likely to make payments on time Square, Block, Inc. announced in late April it had launched Tap to Pay on Android for sellers across the US, Australia, Ireland, France, Spain and the United Kingdom. The new technology empowers sellers to securely accept contactless payments with a compatible Android device, and at no additional cost. From the news: "With Tap to Pay on Android, Square is making it even easier for new sellers and established businesses to conduct in-person commerce. Using a compatible Android device, a seller simply opens the Square Point of Sale, Square Appointments, Square for Restaurants, or Square Invoices app, enters the sale, and presents their smartphone to the customer. From there, the buyer will see the total they owe along with the familiar contactless payments symbol, and can choose to complete the payment with a contactless credit or debit card, or a digital wallet such as Google Pay." Venmo, a leader in the P2P space and a subsidiary of Paypal Holdings, announced in late April the evolution of its service into crypto saying, "We are taking steps to make the management and movement of cryptocurrencies (crypto) for Venmo customers easy by introducing the ability to transfer crypto to friends and family in the Venmo community. Customers will also be able to transfer to a PayPal account and to external wallets and exchanges, delivering more choice and flexibility in how they move and manage their crypto." Looking at the history, an article in Businessmodelanalyst.com reports, "Acquired in 2013, PayPal has owned Venmo ever since. The company was launched in 2009 by two friends, Andrew Kortina and Iqram Magdon-Ismail; however, Venmo's ownership has shifted ever since, at least twice, to two different companies, lastly being acquired by PayPal LLC." "Venmo is an American mobile payment app for transferring or sending money between friends and families. In 2021, Venmo processed a total of $230 billion payment and made approximately $850 million, an almost 90% increase from what it made in 2020. Venmo is currently being used by over 80 million people, most of whom are based in the United States. Although PayPal is the current owner of Venmo, it wasn't the first to acquire the mobile paying company, as Braintree first acquired it in 2012, just three years after its launching. Less than a year later, PayPal became the owner of Braintree, indirectly becoming the owner of Venmo." Introspective Market Researchsays, "The high level of competitiveness in the market for peer-to-peer payment methods, along with the significant presence of service providers worldwide, creates opportunities for the introduction of new convenient services. This competitive environment encourages various players to offer a wide range of products and services to cater to the needs of a large user base. The intense competition drives contenders to vie for the top position, often resulting in acquisitions or collaborations with new rivals." AppTech Payments Corp. (NASDAQ: APCX) is betting its strategic partnership agreement with InstaCash, Inc. is a collaboration that will be a win-win for consumers and businesses and ultimately, its shareholders. About Investorideas.com - Big Investing Ideas We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders. Investor Idea's original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast , Cleantech and Climate Change Podcast, Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast. We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. Disclaimer/Disclosure:Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles.. Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring APCX is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp. 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Instacash Frequently Asked Questions (FAQ)
When was Instacash founded?
Instacash was founded in 2020.
Where is Instacash's headquarters?
Instacash's headquarters is located at Avenida Tomás Ramsey 930, Lima.
What is Instacash's latest funding round?
Instacash's latest funding round is Seed VC - II.
How much did Instacash raise?
Instacash raised a total of $860K.
Who are the investors of Instacash?
Investors of Instacash include 500 Global, Alaya Capital, Winnipeg Capital, 500 Latam, Tetuan Valley and 3 more.
Who are Instacash's competitors?
Competitors of Instacash include Kredito, Auxmoney, Edpyme Acceso Crediticio, CrediScotia Financiera, AgroForte and 7 more.
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Compare Instacash to Competitors

Avant provides a digital lending platform. It includes personal loans, credit cards, mobile banking, and auto refinance. The company was founded in 2012 and is based in Chicago, Illinois.

Zirtue offers a relationship-based lending application that aims to drive financial inclusion. It provides funds through relationship-based loans. It offers peer lending and borrowing. The company was founded in 2018 and is based in Dallas, Texas.

Prodigy Finance provides a global lending platform. Its international network of investors fund graduate loans for students from different countries, through a borderless model that prizes potential over geography. It was founded in 2007 and is based in London, U.K.

ZestMoney operates as a digital lending platform that enables people to pay using digitally equated monthly installments (EMIs). It also provides credit information, financial counseling, and other services. The company was founded in 2015 and is based in Bengaluru, India.

Brighte is a company that focuses on the financial and sustainable energy sectors. It provides financing solutions for solar systems and energy-efficient home products, making these sustainable upgrades more affordable and accessible. The company primarily serves the residential and small to medium-sized business sectors. It was founded in 2015 and is based in Sydney, New South Wales.
Branch International offers a mobile application. It allows users to access credit in emerging markets. Its offerings include loans and micro-finances. It enables users to get loans. It was founded in 2015 and is based in San Francisco, California.
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