One billion yen in Series A round of funding ahead of the launch of Kyash, a new service and free app for sending and receiving payments
Japan’s first peer-to-peer money transfer system utilizing a pre-paid scheme
Kyash Inc. has reached an agreement to procure a total of over 1 billion yen in capital by allocating new shares to third parties. At the same time, Kyash will start a strategic partnership with Sumitomo Mitsui Financial Group and Dentsu Group. Additionally, Hiroshi Minoura, former Sumitomo Mitsui Banking Corporation Deputy President, has been appointed as an advisor.