Tech in Africa
Cassbana raises $1 million from DisrupTech alongside participation from other funds. The startup runs on an AI-powered behavior-based credit scoring system determining individual and business access to credit with a special focus on the unbanked individuals.
Haitham Nassar is the founder and CEO of Cassbana. In a statement to Al Mal, he expressed the aim of establishing financial identities for those dealing with leading institutions and service providers. The intention is to help clients stabilize their finances and navigate the business processes while bypassing unaccounted risks.
Cassbana launched its trial basis services with one service provider based in Cairo. At the moment, the startup deals with over 20 service providers in Egyptian cities. There are plans to enter the Upper Egypt market sometime this month.
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