Block (formerly known as Square) backs Japanese fintech startup Kyash in Series D funding round
- ByStartupStory | March 17, 2022
A Tokyo-based mobile financial app, Kyash, raised about $41.2 million (4.9 billion JPY) in Series D funding.
The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly known as Square), StepStone Group, JAFCO Group, Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, Mitsui Sumitomo Insurance Capital and others.
A report states that this marks Block’s first investment in an Asia-based company. Since its inception in 2015, the Series D brings Kyash’s total funding making it approximately to $107.7 million (12.8 billion JPY).
The startup will use the proceeds in order to double its headcount and bolster product growth, said chief executive officer of Kyash, Shinichi Takatori.
Takatori previously worked in the banking and consulting industry, founded Kyash which offers a mobile banking app that enables consumers in order to make online and offline payments, remittances, and ATM withdrawal services. In addition to it, the issuer of Visa Card, Kaysh, provides flexibility by issuing virtual and physical prepaid debit cards.
Follow Startup Story
Related Posts
