Archive · 7 Aug 2025
Buy-Now, Pay-Later App Drives Growth in Venezuela's Stock Exchange
Imagine a new app called Cashea that lets people in Venezuela buy things and pay later, like a layaway plan but with instant gratification.
Because traditional banks have been difficult to use, Cashea became popular for buying clothes, tires, and more.
Now, Cashea helps merchants by selling their customer debts as certificates on the stock exchange.
This gives merchants quick cash.
Cashea handles the risk, and the certificates are linked to the dollar to keep their value.
It's like a new way for businesses and consumers to handle money in a country with a lot of economic challenges.
Cashea, a buy-now, pay-later app, is boosting Venezuela's stock exchange by easing financing for merchants.
The app allows consumers to buy goods in installments with no interest, filling a gap left by traditional lenders.
Cashea has facilitated $40 million in financing certificates onto the Caracas exchange since March.
The initiative bundles receivables of affiliated retailers, selling them as certificates.
Certificates are dollar-linked but issued in bolivars, with maturities potentially as short as 14 days.
- Who
- Cashea, a buy-now, pay-later app.
- What
- Cashea is helping merchants by selling their customer debts as certificates on the Caracas stock exchange.
- When
- The initiative was launched in March.
- Where
- Venezuela's Caracas stock exchange.
- Why
- To ease the financing load of its merchant partners and to invigorate the economy.
- App Name
- Cashea
- Service
- Buy-now, pay-later
- Users
- 8 million Venezuelans
- Certificates on Exchange
- $40 million
- Certificate Maturity
- As short as 14 days
- Certificate Currency
- Dollar-linked, issued in bolivars