Kashet, a Swiss-UK premium digital finance services firm, has recently raised CHF 6.2m in Series A funding.
According to Kashet, it has been operating in stealth mode, building an FCA-licensed business, joining MasterCard, and receiving strategic investment including that from Trifork Labs, a Copenhagen technology accelerator.
The company claims it is focused on delivering a membership-based financial solution app for customers and private bank clients.
Kashet has already obtained FCA licenses in the UK, including E-Money, AISP, and PISP licenses. The company intends to submit applications for UK FCA 5MLD registration and a Swiss Fintech License with Switzerland’s Regulatory Authority FINMA
The business said it will service the financial complexity of customers’ international life, and provide a complete set of cards, foreign exchange, domestic and international payments, and access to digital currencies under Swiss law.
Kashet claims its focus is on creating efficient services that people trust and love to use, as well as partnering with private banks across Europe that need access to digital technology solutions.
Kashet co-founder and joint CEO Chris Jones said, “We are thinking beyond banking and focused on creating exceptional financial services that people trust and love to use. We intend to provide personalized experiences for clients. The company plans to partner with private banks across Europe that need access to ground-breaking technology solutions.”
TerraPay, a global payments infrastructure business, has recently scored over $100m in its Series B equity financing round.
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