Herbst Kinsky advised Cashy on its Series A round
Herbst Kinsky advised Cashy GmbH in the course of its series A financing round of EUR 1.7 mio. In addition to existing investors such as aws Gründerfonds, 2m-quadrat and Michael Müller, eQventure also invested as a new shareholder.
The start-up has been operating a platform for short-term pawn loans since 2019 as the first FinTech provider in Austria. Based on broad prior experience in the banking sector, the founders recognized the need for creditworthiness-independent, flexible financing options for private customers and created an offering for this with Cashy.
The latest round of financing now doubles the previous investment in Cashy. The fresh capital is now to be used, among other things, for expansion into Germany.
“Fintech Cashy is taking the long-established pawnbroker trade into the 21st century. The vision of the company and the great potential behind it are impressive and correspond to the vision we as lawyers also want to offer our clients,” said Philipp Kinsky, partner at Herbst Kinsky Rechtsanwälte.