Kashet, a Switzerland and London, UK-based digital finance services firm, raised CHF 6.2M in funding.
The company intends to use the funds to support its expansion and readiness for further growth.
Led by Joint CEO Chris Jones, Kashet is focused on delivering a membership-based financial solution app for customers and private bank clients. The company will serve the international life of financial clients to provide a set of cards, foreign currency, domestic and international payments and access to digital currencies under Swiss law.
Kashet has been operating in stealth mode, building a Financial Conduct Authority (FCA) licensed business, joining MasterCard, and receiving strategic investment including that from Trifork Labs, the Copenhagen technology accelerator. The company has already obtained FCA licenses in the UK, including E-Money, AISP, and PISP licenses. Kashet intends to submit applications for UK FCA 5MLD registration and a Swiss Fintech License with Switzerland’s Regulatory Authority FINMA
A Series A funding is in progress with the launch to follow later this year.
FinSMEs
05/04/2023