FinTech Kyash Raises 4.9 Billion Yen in Series D Funding Round

Japan-based fintech Kyash has completed its series D round of funding, raising 4.9 billion. This brings the company's total funding to approximately 12.8 billion yen.

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Kyash raised approximately 4.9 billion yen through a third-party allotment of new shares to funds managed by Japan Post Investment Corporation and Block, Inc, (formerly known as Square, Inc.), as well as Greyhound Capital in and SMBC Nikko Securities Inc. in the U.K.; Altos Ventures, Goodwater Capital and StepStone Group (formerly Greenspring Associates) in the U.S.; Yitu Capital in Hong Kong; and JAFCO Group, SMBC Venture Capital, W ventures, Mitsui Sumitomo Insurance Capital, and AG Capital from Japan.

This round will significantly contribute to strengthening Kyash's financial base for the further acceleration of business expansion moving forward.

With this financing, Kyash will further expand their organization through the hiring of more personnel, and strive to contribute to the financial success of more people by expanding business areas, and strengthening service systems.

Shinichi Takatori, President and Representative Director, commented:"We are very pleased to have support from investors and leading Japanese banks, for the additional investment from the shareholders that have supported us since our inception, and the new investments from the pioneer of financial services such as Block. We will continue with our customer-centric service spirit moving forward."