AI-driven financial lending platform CASHe acquired wealthtech platform Sqrrl in an all-cash deal to forayed into the wealth management space.
CASHe is a non-bank, mobile-first personal loan platform that claims to serve the country's underserved digital customers. Its goal is to make credit more accessible to millennials. CASHe has been introducing new product offerings in response to rising consumer demand over the last few years. Sqrrl's acquisition marks the company's entry into the lucrative millennial and Gen Z-focused wealthtech space.