4growth VC has invested PLN 2M in Fintech Cashy

Cashy has raised PLN 2 million in funding to accelerate the commercialization of its platform, which enables large companies to generate profits through supply chain financing (known as dynamic discounting). The financing round was led by 4growth VC, a fund established by financial sector veterans Krzysztof Bachta, Tomasz Biłous, Marcin Jaszczuk, and Marek Szcześniak.

“We’re thrilled to have the backing of managers with such extensive experience, along with a wide network of private investors. We count on their know-how and support in reaching clients and partners. This funding will allow us to further develop our platform and expand our service offering. We’ve set ambitious goals: by the end of this year, we aim to accelerate invoice settlements for our clients in the amount of at least PLN 30 million,” said Jakub Wrede, co-founder and CEO of Cashy.

“Working with new investors will help us build business relationships and speed up the commercialization of our platform. In the near term, we’ll be strengthening our sales team, which will certainly help us acquire more clients,” added Edyta Musielak, co-founder of Cashy.

Cashy offers a B2B solution that streamlines financial relationships with suppliers. Large companies can monetize their financial surpluses or unused credit limits by offering their suppliers faster invoice payments in exchange for a small discount fee.

Cashy’s solution addresses the needs of businesses seeking attractive ways to utilize idle funds, while also supporting smaller companies with liquidity management by providing them with access to additional financing from their customers. The accelerated invoice payments are funded either through surplus cash or unused credit limits, which often have interest rates up to 10 times lower than the financing costs typically available to small and medium-sized suppliers. Cashy’s clients are medium and large companies with a dispersed network of suppliers.

“Our model is based on a win-win principle: the buyer pays earlier, so they pay less, and suppliers gain access to a new, attractive source of financing without the formalities that usually come with services like factoring. What’s more, thanks to our proprietary process, everything happens online, with just a few clicks in the app and no need for corrective invoices,” explained Jakub Wrede.

“Fintech startups like Cashy are a natural investment direction for us. Thanks to our years of experience in the banking and insurance sectors, we can offer more than just financing—we provide strategic value by sharing our know-how and supporting the company in building business relationships and commercializing the product. We plan to continue investing in promising growth-stage startups,” said Krzysztof Bachta, Managing Partner at 4growth VC.

Cashy was founded in 2018 by Jakub Wrede, Edyta Musielak, and Kamil Pachuta, who previously gained experience in trade finance at institutions like ING Bank Śląski. Early investment in the company came from the SPINAKER alfa fund, which remains a shareholder.

4growth VC was established by seasoned managers with 20 years of experience in banking, insurance, and investment: Krzysztof Bachta, Tomasz Biłous, Marcin Jaszczuk, and Marek Szcześniak. They previously held executive positions at Alior Bank, where they oversaw CVC investments in fintechs like PayPo and Autenti, as well as innovation initiatives. They also held top management roles at institutions such as PZU, ING Bank Śląski, PKO BP, mBank, EY, and BCG.