Are you familiar with a company called Kyash? Chances are, this could be the first time you’re even hearing the name. That being said, they have been in the news quite a bit as of late. If you haven’t been following what they do, you need to know that they are a Japanese fintech startup. Of course, there is a lot more to the story than that. If you’re interested, here are 10 more things about them that you may not know.
1. They help banks do business
There are a lot of fintechs out there, but this one seems to be getting more attention than the majority of them. As it turns out, there is a good reason for that. This one is rooted in the banking industry, something that virtually everyone depends on. As such, they play a pivotal role in the day-to-day lives of countless numbers of people, albeit indirectly. If it weren’t for their efforts to keep banks operating as smoothly as possible, many of their customers would in turn struggle to serve their customers.
2. They’re all about making the most of technology
This company is all about using modern day technology to their advantage in a way that will not only enhance their bottom line, but also that of their customers. A few short years ago, it would have been all but impossible to utilize the type of technology that many banks currently use on a daily basis. Much of that is because of the technology used by this company. That’s no small feat. In fact, it’s quite the accomplishment to be proud of.
3. They also make your life easier, even if you don’t realize it
Because of this company, the lives of individuals are a lot easier. In fact, they might be making your life easier right now without you even realizing it. If you’re curious exactly how they do this, it has everything to do with the fact that they developed a ton of technology for mobile banking that allows you to bank whenever and wherever you are, at your convenience. Otherwise, you might be forced to actually travel to your bank and physically stand there at the counter in order to complete a transaction, something that very few people have the time or the patience for any longer.
4. They’re based in Tokyo
Since the company is based in Japan, it only makes sense that they would choose a central location like Tokyo for their home office. This gives them the opportunity to get a lot of business accomplished without forcing the overwhelming majority of people who work for them to travel long distances. That being said, they are becoming a truly global company and they’re not the least bit afraid to use technology that allows them to accomplish that goal without forcing everyone to travel just so they can be standing in the same room together.
5. They have about 100 employees
This is fairly impressive, especially when you consider the fact that it wasn’t really that long ago that they had about half this many people working for them. There is no doubt about it, they are a company that is rapidly growing and they are constantly hiring new people in order to help them keep up with the ever-increasing demand.
6. They’ve raised more than $104 million so far
Currently, they have just completed their fourth round of fundraising. At this particular point in time, the company has raised a grand total of $104.8 million for their efforts. That’s a significant amount of money, but it’s also directly in line with the type of funds that they need in order to stay at the forefront of their chosen field.
7. They’re not exactly the newest player in the game
A lot of people think that the company is relatively new, but the truth is they were founded in 2015. Some people think they’re new because they’re currently doing various rounds of fundraising for new technology and others believe that simply because they’ve never heard of them before. Whatever the case may be, the truth is that they’ve been going at it for a number of years. The fact that they are so well-established and adept at working with technology serves as a testament to their ability to get the job done, as well as their staying power.
8. They’re all about the customer
Another thing that really sets them apart from the crowd is that they are truly all about the customer. In this particular case, it’s not just about rooting for the bank that’s giving them their business, but also for the individual people who are doing business with that particular bank. They try to look at everything through the customer’s eyes and allow their decisions to make life easier for the individual as opposed to making it more difficult.
9. Their latest round of fundraising was a smashing success
As a matter of fact, several financial backers came together in order to help them raise a whopping $41.2 million for their fourth round of fundraising. That’s a significant sum of money, there’s no doubt about it. Clearly, their investors believe in what they’re doing and that’s proven by the amount of money that they’re willing to spend in order to help them continue to do exactly that.
10. They plan to invest their money to further their growth
The company recently said that they will use the money that they have received during their latest round of fundraising in order to further grow their own business so they can continue to help banks and individuals in the process. To be more exact, this involves investing in additional technology so that they can remain at the forefront of the technology they’re using. They also plan to hire more individuals to handle this tech as well as to further expand their business across the global market.
The company has worked tirelessly to find unique ways to earn money. As such, they’ve been working on not just getting money from investors, but also creating new shares of stock in order to raise their own funds. That in turn gives them the opportunity to have a bit more influence over how they spend their money in the future, as they’re not expected to use the funds for only one certain thing or perform to a certain level just because someone else invested in the company.
12. They do still get funds the old-fashioned way, too
Having said that, they do still depend on third-party investors for the lion’s share of their operating budget at this particular point in time. That is especially true with regard to this latest round of fundraising, which has already been thoroughly discussed. They need that money to expand and hire more people.
13. They’re thinking well into the future
There’s no doubt about it, the company is thinking well into the future because they are doing things like creating shares of stock so that they can become self-sufficient in the relatively near future. That’s an important thing and it’s absolutely essential for long-term survival, something that shows that they are being very proactive about staying in business for the long haul.
14. They like the idea of collaborating with others
This is a company that likes the idea of collaborating with others. They realize that nothing happens in a vacuum. As such, they want to collaborate with other businesses so that everyone can work together for the greater good. It’s an idea that you don’t see all that often in big business, so it’s quite refreshing when you come across someone that isn’t solely concerned about outperforming the competition.
15. They’re also open to creating new partnerships
Since they like the idea of collaborating, they’re always open to the option of creating new partnerships with other companies. As a matter of fact, they are already making plans to create new partnerships with various companies in an attempt to become more of a global entity, but also to do the best they can for the individuals who utilize their products.
16. They’re goal is to help people manage their money better
At its core, this is a company that is there to help individuals by allowing them to manage their money more effectively. They understand that it’s not always easy to manage one’s finances, especially when you’re struggling to make ends meet. Making things as simple as possible and allowing people to see everything they need to see on an app or a dashboard makes it easier to know exactly what they have coming in and what needs to go out in order to make sure that expenses are covered. They can’t put more money in the pockets of individuals, but they can give them the tools that they need to learn how to manage their money more effectively by making it easier and more straightforward to do so. To that end, they are helping countless numbers of individuals become more financially responsible and in doing so, helping them to avoid the pitfalls that automatically come with a lack of financial responsibility.
17. They’re against charging fees unnecessarily
Another thing that the company has fought valiantly against involves charging fees unnecessarily. They have argued that charging tons of fees to individuals in exchange for allowing them to do business with them is almost like punishing them for choosing their company. In addition, they realize that charging all of these fees only costs people more money when they might potentially be struggling with their finances to begin with. That doesn’t empower people to become more financially responsible, it only saddles them with more things that they have to worry about paying for. That goes against everything the company believes in. As such, they refuse to charge these fees.
18. The company believes they can empower every person to take charge of their finances
The company really does believe that they can empower every person that does business with them to become financially responsible, even to the point of learning how to effectively manage those finances when they’re going through lean times. Unfortunately, a lot of people around the world are experiencing more difficulty finding the money to cover basic expenses. Individuals who have traditionally been hard working people with decent jobs are now finding it difficult to choose between the rent or the groceries. While they can’t make that situation better, they can make individuals feel more empowered so that they can make educated decisions instead of becoming the victim of unwise choices.
19. Their virtual cards do not require tons of documentation
In addition, their virtual cards do not require tons of documentation. As a matter of fact, you can get a virtual card by simply providing basic information such as your name and address. While they do ask you to provide proof of income for a physical card, it’s possible for people to get a virtual card by simply filling in a couple of lines online. There is no need for bank statements, check stubs or tons of other documentation that people typically have to produce when applying for a card.
20. You can get a virtual card in less then one minute
Something that people really love about the company is that when you apply for a virtual card, you can be approved for it in less than one minute. As previously discussed, you also have the capability to start using that card immediately, thereby allowing you to purchase items online or pay bills online. It’s something that’s unlike anything else that’s ever been available. Most importantly, it’s something that gives people an opportunity to buy the items they need when they need them most.