CashOver, a Lebanon-based fintech startup aiming to unify and modernize the country’s fragmented payment systems, has officially joined FasterCapital’s LaunchUp program. The company, founded by Anas Naoushi, is raising $350K to scale its innovative platform and continue solving Lebanon’s long-standing financial inefficiencies.

Developed by Overlab, CashOver addresses a dual challenge in Lebanon’s economy: the heavy dependence on outdated fiat systems and the unregulated rise of crypto transactions. The platform offers a secure, fast, and comprehensive solution that merges traditional and digital finance, providing users with instant transfers, fraud prevention mechanisms, and seamless crypto-fiat interoperability.

“We are excited to welcome CashOver to the LaunchUp program,” commented Hesham Zreik, CEO of FasterCapital. “Their solution is addressing a critical financial gap in Lebanon, and we believe their vision has the potential to significantly improve how people and businesses manage their money.”

He added, “At FasterCapital, we look to support startups like CashOver that aren’t just building a product, but are creating systems that can bring financial resilience and innovation to underserved markets.”

Anas Naoushi, Founder and CEO of CashOver, expressed enthusiasm about the partnership: “Joining the LaunchUp program is a major step forward for us. We’re looking forward to leveraging FasterCapital’s resources and expertise to accelerate our growth, optimize our platform, and ultimately empower users across Lebanon with a modern, unified financial experience.”

With this collaboration, CashOver is set to gain the technical and business support needed to bring its all-in-one financial platform to more users, solving Lebanon’s pressing economic challenges with cutting-edge technology.