Kasheesh, a NYC-based consumer digital payment platform, raised $5.5m in funding.
Backers included Tribe Capital, Anthemis, Courtside Ventures and individuals including Super Bowl LVI-winning wide receiver Odell Beckham Jr, athlete turned investor Sahil Bloom and award winning actor Robin Wright.
Led by Sam Miller, co-founder and CEO, Kasheesh provides a digital payment platform that allows anyone to split payment for online purchases across multiple combinations of debit and credit cards in any way they want, without added cost or interest hikes
The free, web-based browser extension helps U.S.-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 its closed launch, Kasheesh has brokered over $11 million in user transactions and purchases. It doesn’t underwrite loans and instead consolidates spending power to help their users avoid maxing out their cards.
FinSMEs
23/06/2022