FinTech: Kyash Closes $45M Series C Funding

April 2, 2020 | FinTech, News
https://dailyalts.com/wp-content/uploads/2020/04/key-visual-kyash.jpg

Japanese fintech startup Kyash managed the funding despite pandemic concerns.

Kyash, a Japanese fintech startup aspiring to be a leading challenger bank, gained $45 million in a Series C funding. Greenspring Associates and Goodwater Capital, a global consumer technology investor co-led the round. Several venture capital firms from around the world also participated.

The startup will use the funds to accelerate its full-stack mobile banking business in Japan. It also plans to advance its overall growth strategy and business domain expansion, mainly into the banking space.

With this round, Kyash has raised an aggregate of $73 million.

Pandemic boosts cashless

“I am delighted to announce Kyash’s partnerships with these global investors as a result of the company’s progress in product development and significant user traction in Japan amid the uncertain market conditions resulting from the widespread effects of the pandemic,” said Shinichi Takatori, Founder & CEO of Kyash. “We are confident that our focus on developing proprietary payment technology and strategic merchant network partnerships continues to bring value to users and addresses the need for remote financial transactions in a digital economy.”

The global investors referred above include Greyhound Capital, a UK growth equity investment firm, US venture capital firm Altos Ventures, global investment firm Partech Partners, US FinTech venture capital fund Broadhaven Ventures, US venture capital firm Tekton Ventures, and Mr. Rahul Mehta, Managing Partner of DST Global.

Related Story:  Fintech: iCapital Network Announces $146 Million Funding Round                                                  

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

May 21, 2020

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/05/screenshot-www.youtube.com-2020.05.22-14_27_32.png
Artificial Intelligence: Marty the Robot Hunts for Spills in Supermarket Aisles
May 26, 2020     Artificial Intelligence, News

Marty the supermarket robot is rather smart. Armed with three high-resolution cameras, computer vision, navigation systems, numerous sensors, and smart AI software, Marty is able to sidestep shoppers and pinpoint…

https://dailyalts.com/wp-content/uploads/2020/05/46090766321_9ae7b253d1_c.jpg
Venture Capital: The U.S. IPO Drought May be About to End
May 26, 2020     News, Venture Capital

As this is being written, the Dow is up nearly 600 points and the S&P 500 is above the psychological 3,000 mark. The markets are up as investors cheer the…

https://dailyalts.com/wp-content/uploads/2020/05/UBS_sign.png
FinTech: Swiss Banking Giant UBS Homes in on Fintech Investing
May 26, 2020     FinTech, News, Venture Capital

Swiss banking giant UBS Group AG (NYSE: UBS) is planning to invest hundreds of millions of dollars in upstart fintechs through a proposed corporate venture capital fund. According to a…

https://dailyalts.com/wp-content/uploads/2020/05/mumbai-886734_640.jpg
Digital Assets: In India, RBI Confirms No Ban on Crypto; CoinDCX Raises $2.5M; Crypto Volumes Fly
May 26, 2020     Digital Assets, News

The Reserve Bank of India, the Indian central bank, confirmed that there currently exists no banking ban on the crypto industry in India. CoinDCX, India’s largest cryptocurrency exchange, gained a…

Scroll to Top