Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash By Cointelegraph

Kyash, a Tokyo-based digital wallet, announced a $41.2 million, or 4.9 billion yen, raise in a Series D round. Since launching in 2015, the cashless mobile app and corresponding credit card have grown its total funding to an estimated $108 million, or 12.8 billion yen.

Both global investors and Japanese banks joined the round, including Japan Post Investment Corporation, Jack Dorsey’s Block, which was formerly known as Square, as well as Altos Ventures Goodwater Capital and StepStone Group in the United States. Additional investment came from Greyhound Capital in the United Kingdom, SMBC Nikko Securities, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. According to a report by , Kyash is the first Asia-based company in which Block has invested.