Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses often face limitations in accessing and utilizing their existing credit for everyday transactions and financial management. Traditional payment systems can be slow, incur high fees, and restrict how credit can be applied, leading to missed opportunities and financial friction.
Solution
Kashu provides a financial platform that enables users to leverage their available credit for a wide range of payments and transfers. The service facilitates instant, secure transactions to bank accounts, brokerage platforms, and Web3 applications, bypassing traditional delays and restrictions. By integrating with various financial ecosystems, Kashu offers enhanced flexibility and control over personal and business finances. The platform is designed to allow credit utilization for expenses like rent, bills, and business operations without incurring cash advance fees.
Target Audience
The primary target audience includes individuals and small to medium-sized businesses seeking a more flexible and efficient way to manage their finances and utilize their credit lines for payments and transfers.
Features
- Credit conversion functionality allowing users to access funds from their credit lines for immediate use.
- Direct disbursement capabilities to bank accounts via Mastercard's open banking network, supporting over 99% of U.S. financial institutions.
- Seamless integration with brokerage accounts and Web3 platforms for rapid fund transfers.
- Peer-to-peer payment functionality enabling users to send money to individuals using their credit.
- Secure, encrypted transactions with advanced fraud detection measures.
- Transparent fee structure with no account setup, monthly, or inactivity fees.
- Optional instant transfer service with a 1.5% fee for funds arriving within minutes.
- Standard bank transfer option at no additional cost, with funds typically arriving in 2-3 business days.