Kab is a mobile‑first financial platform that offers a fee‑free digital bank account combined with an on‑demand credit line. Users can access a virtual single‑use card, withdraw cash, and repay in flexible bi‑weekly installments, while also sending instant peer‑to‑peer transfers via username, phone number, or QR code and paying utilities with one‑tap barcode scans. Real‑time balance updates, spending limits, and biometric security help control spending and protect against fraud, and instant cash‑back rewards encourage continued use.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers lack access to affordable credit and face high fees for basic banking services such as card issuance, transfers, and minimum balance requirements. This limits their ability to manage everyday expenses, pay bills, and make purchases securely.
Solution
Kab provides a mobile‑first financial platform that combines a fee‑free digital bank account with an on‑demand credit line. Users can obtain a virtual card for one‑time purchases, withdraw cash from their credit line, and repay in flexible bi‑weekly installments with minimal interest. The app enables instant peer‑to‑peer transfers using a username, phone number, or QR code, and supports one‑tap bill payments for utilities. Real‑time balance updates, spending limits, and optional facial or fingerprint authentication help users control spending and protect against fraud. Rewards and cash‑back are delivered instantly, encouraging continued use.
Target Audience
The service targets digitally savvy consumers who need affordable credit, fee‑free banking, and secure online purchasing, especially those underserved by traditional banks.
Features
- Virtual, single‑use card that expires after 24 hours to reduce loss and fraud risk
- Credit line with optional repayment schedules of 2, 4, or 6 bi‑weekly installments and no hidden fees
- Instant money transfers to any recipient via username, phone number, or QR code without requiring a CLABE
- One‑tap utility payments (electricity, water, internet, phone) by scanning barcodes
- Real‑time balance syncing and customizable spending limits to avoid surprise charges
- End‑to‑end encryption with optional facial or fingerprint verification for each transaction
- Integrated cash‑back and rewards program that credits users instantly