Kasheesh launches as split payments platform

Friday 24 June 2022 12:30 CET | News

Kasheesh has launched as a digital payment platform that allows anyone to split payment for online purchases across multiple combinations of debit and credit cards.

As part of its launch, Kasheesh has also announced it has raised USD 5.5 million from institutional and celebrity investors, including Tribe Capital, Anthemis and Courtside Ventures.

Kasheesh’s free, web-based browser extension helps US-based consumers across three main areas of online spending: reduced cost burden on individual cards per purchase, assisting in sustainably building credit scores and card rewards by utilizing any combination of cards versus just one, and maximizing financial privacy through Kasheesh’s auto-generation of a new encrypted card number to use per purchase.

Since Kasheesh is not a financial institution or a loan provider, usage isn’t contingent upon providing credit scores or users worrying about their financial information being used for marketing purposes elsewhere. The Kasheesh platform takes what each customer already has available (via their credit and debit card limits) to be able to spread the burden of payment without needing to add more debt to their payment.

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Keywords: product launch, payment methods, digital banking, credit scoring, digital payments
Categories: Banking & Fintech
Companies: Kasheesh
Countries: World
This article is part of category

Banking & Fintech


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