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Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash

This latest raise brings Kyash’s valuation to approximately $107.7 million.
Kyash, a Tokyo-based digital wallet, announced a $41.2 million usd, or 4.9 billion yen, raise in a Series D round. Since launching in 2015, the cashless mobile app and corresponding credit card has grown its total funding to an estimated $108 million, or 12.8 billion yen. Both global investors and Japanese banks joined the round, including Japan Post Investment Corporation, Jack Dorsey’s Block, which is formerly known as Square, as well as Altos Ventures Goodwater Capital and StepStone Group in the U.S. Additional investment came from Greyhound Capital in the U.K., SMBC Nikko Securities, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. According to a report by Nikkei, Kyash is the first Asia-based company that Block has investment in.  According to the company, the startup will use the proceeds to hire more employees, expand its product

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We współpracy z: https://cointelegraph.com/news/jack-dorsey-s-block-joins-41m-funding-for-japanese-fintech-kyash

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