CASHe Offering Instant Loans on WhatsApp

Fintech startup CASHe announced the latest features on Wednesday to instantly provide WhatsApp credit lines within 30 seconds. The company leverages WhatsApp's artificial intelligence-based chat capabilities to provide existing pre-approved lines of credit.

CASHe also claims to be the first fintech startup to offer such instant credit lines without the need for any documents, app downloads, or forms to fill up. Users can redeem these credits by simply sending a "Hi" to CASHe WhatsApp number +91 8097553191. The service is available to all customers 24X7, and the amount is within a minute, the company said.

The company claims that AI-powered bots match customer input and automatically promote formal applications along with KYC (Know-Your-Customer) checks. After confirmation, the credit line is set up with just a few clicks on the guided conversation flow.

The startup is an AI-powered, mobile-only, credit-based financial wellness platform. The company has registered 20 million app downloads and paid over 4 lakh customers a loan of over Rs 400 crore.