UAE-based Cashew hits market raising over $70 million, among the largest by a BNPL startup in the country – Arabian Business

UAE-based Cashew hits market raising over $70 million, among the largest by a BNPL startup in the country – Arabian Business

UAE- based leading BNPL (buy now, pay later) venture startup is in the market for a mega fundraising round, with plans to mop up over $70 million – among the largest investment raising plan by a UAE-based startup so far in this fast-rising fintech segment.

The venture is already in negotiations with a couple of family offices in Saudi Arabia and venture capital (VC) firms in the US and Singapore for the proposed fundraising, a top executive of the venture said.

“We are starting our next round of investing