Kyash raises $41.2 million

Tokyo-based mobile financial app Kyash has raised $41.2 million in Series D funding. Investors participating in the round include Japan Post Investment Corporation, Block (formerly Square), Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, StepStone Group, JAFCO Group, Mitsui Sumitomo Insurance Capital, and others.

Founded in 2015, Kyash offers a mobile banking app that supports deposits and withdrawals, payments, and money management.

“Challenger banks are a core theme in fintech and the unbundling of traditional banking has become an irreversible trend globally. 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.” – managing director of Japan Post Investment Corporation Shinichi Takatori.