The investment is Proparco’s first financing operation in the country and will support Cashi’s activities in fragile African markets, particularly Sudan.

Proparco classifies the transaction as an equity investment, although its announcement does not disclose an ownership stake or company valuation.

Cashi connects digital payments with a network of local merchants through which customers can deposit and withdraw cash, transfer money, and pay bills.

According to Proparco, its MyCashi wallet has reached 2.2 million registered users, with strong adoption among young people.

The merchant network provides an alternative channel for accessing financial services where conventional banking infrastructure is difficult to reach.

The company has also developed services using USSD, SMS, offline cards, and other channels that do not require a smartphone application. These tools are designed to accommodate unreliable connectivity and support both routine transactions and the distribution of humanitarian assistance in areas affected by network interruptions.

“When the banks were unavailable during the war, Cashi stayed open and available,” said Nina Saeed, Cashi’s chief executive officer. “We built it to keep working when cash runs short and the network drops.”

Sudan’s financial access challenges extend beyond the immediate disruption of individual payment services.

In an April 2026 statement, the Central Bank of Sudan said most Sudanese adults remained outside formal banking and identified mobile technology, agent banking, and digital government payments as priorities for expanding access.

It also emphasized financial education and protection against fraud as necessary parts of that transition.

For businesses, the practical value of Cashi’s approach lies in combining electronic transfers with places where customers can access physical cash.

Its range of payment channels addresses the overlapping constraints described by Proparco: limited banking access, shortages of currency, and unreliable communications.

Supporting those services is intended to help merchants and households continue making essential payments despite disruptions.

Proparco’s investment directs development finance toward maintaining financial access in a market where conflict has constrained normal commercial activity.