ICYMI: Block invests in Japanese challenger bank Kyash in $41 million round
Through the Kyash app, however, customers are issued a card that is linked to their bank account. They are then able to make online and in-store payments, which are categorized. The app also offers money transfer and budgeting tools.the company will use the extra financing to hire staff and seek further collaborations.
"Challenger banks are a core theme in fintech and the unbundling of traditional banking has become an irreversible trend globally," says managing director of Japan Post Investment Corporation Shinichi Takatori."Through rebundling financial services with technology, we believe Kyash’s user-first and mobile-first philosophy and product architecture will allow it to evolve into a key platform.
France Dernières Nouvelles, France Actualités
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