Cashee Tech FZE is a technology provider that offers a Visa prepaid card and a banking application specifically designed for teenagers in the UAE and the broader MENA region. The company's primary aim is to enhance financial literacy among young people by providing them with tools to manage their finances effectively.
Cashee was established in 2020 and is headquartered in Dubai. Since its inception, the company has focused on addressing the financial needs of teenagers, a relatively underserved demographic in the banking sector. Cashee has grown by leveraging its innovative approach to financial education and inclusion for youth.
Cashee has successfully raised funds to support its growth and expansion. It secured $1 million in a pre-seed funding round and later raised $3 million in a Series A funding round led by Arab National Bank (ANB). These funds are intended to support Cashee's expansion into new markets, such as Saudi Arabia, and to enhance its product offerings
Cashee provides a free mobile banking app and a personalized Visa prepaid card for teenagers. The app allows users to spend, save, and track their money in real-time, helping them achieve their financial goals. It also includes features for setting unique savings goals, promoting financial literacy and responsibility among its young users.
Cashee continuously updates its platform to include new features that enhance user experience and financial management capabilities. The focus is on providing tools that encourage better financial habits and literacy among teenagers.
Cashee is driven by a mission to promote financial literacy and inclusion for youth. The company values innovation, education, and empowerment, aiming to equip the younger generation with the skills and knowledge needed to manage their finances responsibly
Cashee targets teenagers and young adults in the MENA region, providing them with tailored financial solutions. The company's community-building efforts focus on engaging young users through educational content and interactive financial management tools. As Cashee expands into new markets like Saudi Arabia, it is poised to grow its user base significantly.
