Proparco is investing €600,000 in Cashi, a Sudanese fintech company. Cashi builds digital payment services for individuals and businesses. The deal marks Proparco's first financing operation in Sudan.
Supporting financial inclusion
Sudan faces limited banking access, cash shortages, and interruptions to telecom and payment systems. Digital financial services help people complete everyday transactions and receive humanitarian aid. Proparco said the financing aims to expand financial inclusion and support local entrepreneurship.
Cashi's origins
Founded in 2022, Cashi was created to overcome the limits of traditional payment infrastructure. Its team previously built alsoug.com, which became Sudan's leading online marketplace. Cashi now targets underserved areas and displaced populations.
How the platform works
Users can deposit cash, withdraw cash, pay bills, and transfer money through a network of local merchants. Cashi says its digital wallet MyCashi has reached 2.2 million registered users. The company also offers USSD, SMS, offline card, and other non-app tools for areas affected by network disruptions.
Cashi says its services stayed open when banks were unavailable during the war. The platform was built to keep working when cash runs short and networks drop. Millions of consumers and merchants now use it.