About Us
What does cashli mean?
Cashli combines two words from different languages: “Cash” and “li” (a Creole word). Put together, the literal translation in English is “his cash, her cash or their cash.”
In short, people's money. Spanish-speaking folks translate it to “su dinero.”
Cashli was inspired by this finding from the Consumer Financial Protection Bureau (CFPB):
"Excessive credit card late fees cost American families about $12 billion each year. Companies currently charge people as much as $41 for each missed payment*, and these fees result in billions of dollars in annual junk fee revenue for credit card companies."
*The average monthly credit card bill is a minimum payment of $110.
Published on February 01, 2023
Yep, it's his cash, her cash, their cash, su dinero, people's money those big financial institutions have been unfairly tapping into. Money that hardest-working folks sweat for. While giant banks charge steep fees, consumers are still struggling and their buying power is being diminished. The gap between the haves and have-nots is getting wider by the day.
Bottom line is if you can get an interest-free $90 cash advance from Cashli to avoid a predatory $41 late fee on a $85 missed credit card payment, you log out of cashli app as a winner.
Depending on the study, 55%-63% of Americans don't have $400 saved to tap into in case of a financial emergency. Put simply, as we speak, tens of millions of folks couldn’t come up with money for a car repair*— cars they rely on to go to work.
*Predicated upon the fact that lots of car insurance policies have a $500 deductible.
Cashli was also founded on the paradigm of financial inclusion. Tens of millions of hard-working folks, living in our great country, can't use the vast majority of digital products because of language barriers. They work diligently and contribute to our society, yet they don't often get a fair shake from existing financial products on the market.
And that’s not all. We have big plans for the future. And maybe the most important plan, which cashli means to do in the near future, is to tackle ridiculously high international remittance fees. That can only become possible with your help and dedication to cashli.
In a nutshell, that's who we proudly are.