About
Kashin builds a mobile lending and financial-services platform for micro-merchants, individuals, and other underbanked users in Latin America. Its differentiation is collaborative credit scoring—combining social endorsements with smartphone and credit-bureau data to manage lending risk.
Market
Kashin competes in Peru’s and Latin America’s alternative-lending and financial-inclusion markets, targeting underbanked consumers and informal microenterprises with app-based small loans and wallet services. It differentiates through proprietary AI underwriting that processes smartphone and credit-bureau data, plus a collaborative credit algorithm, repayment-linked credit progression, and instant mobile delivery. Its competitive set includes digital lenders such as Apurata and Kueski, embedded-finance/BNPL platforms such as Addi and Aplazo, and large digital wallets such as Yape; Peru is also a highly competitive market with established financial incumbents.
Kashin primarily serves underbanked individuals, informal-economy workers, micro-entrepreneurs, and small merchants in Peru and broader Latin America. Its core borrower is a consumer or very small business seeking fast, small-value credit through a mobile app rather than traditional bank channels.
At a Glance
Problem
Kashin addresses the limited access to financial products faced by underbanked people and informal-economy participants in Latin America. The pain is especially acute for micro-merchants and individuals who may lack conventional credit histories or dependable access to bank financing. The central use case is fast, small-dollar borrowing for business working capital or personal needs, enabling customers to obtain liquidity that traditional financial institutions may not readily provide.
The business economics are built around lending to a large, underserved segment rather than serving only established bank customers. Kashin reports that its small loans to micro-merchants and individuals in the informal economy generate nearly $2 million in annualized revenue, indicating that the problem is both widespread and monetizable.
Product / Service
Kashin delivers financial products directly through a mobile app, with online personal loans and business credit. Customers choose a loan amount or credit line, and the company says funds can be deposited or transferred within minutes without hidden fees. The service also offers support through WhatsApp and allows customers to increase their credit line by repaying on time and referring trusted users.
Its underwriting is designed for customers who may be difficult to assess through conventional methods. Kashin’s proprietary AI risk model processes more than 250 variables from a user’s smartphone and credit-bureau data, allowing the company to make credit decisions for people outside the traditional banking system. In Peru, the app describes itself as registered with the Superintendency of Banking, Insurance and Private Pension Fund Administrators.
Market
Kashin competes in Latin American fintech, specifically digital lending and financial services for the underbanked and informal economy. Its positioning is close to a mobile-first lender and a working-capital provider for micro-merchants, with the broader ambition of offering financial products beyond basic bank accounts. The available sources do not identify specific named competitors, so the competitive set is best understood as traditional banks, alternative digital lenders, and other fintech providers serving underserved borrowers.
The company is not pre-revenue based on the available evidence. Kashin is identified as a Summer 2022 Y Combinator company and as active, and it reports 10,000 users and nearly $2 million in annualized revenue. Its Google Play listing confirms an operating loan product in Peru, while the reported traction suggests early commercial validation rather than merely a pre-launch concept.
Founders & Leadership
Funding History
Y Combinator
Recent News
Kashin’s Google Play listing describes its Peru lending app, which provides full loan or credit-line amounts without hidden fees and offers loan durations of 91 to 180 days. The listing identifies Kashin as a registered Peruvian lending service.
Signalbase reported that Kashin raised $1.6 million in a funding round. The article characterizes Kashin as a financial technology company focused on accessible loans.
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Get notified when they postBusiness Model
Kashin generates revenue by issuing small digital loans through its mobile app, primarily earning interest on outstanding balances. Its app offers loans of approximately S/50–S/800, while repayment behavior and referrals can increase customers’ credit lines and reduce their interest rates.