Kasheesh, First Platform to Split Online Payments Across Multiple Credit & Debit Cards, Launches
Today a new era for online payments debuts. Kasheesh, a first-to-market digital payment platform, allows anyone to split payment for online purchases across multiple combinations of debit and credit cards in any way they want, without added cost or interest hikes. As part of its launch, Kasheesh has also announced it has raised $5.5 million USD from institutional and celebrity investors, including Tribe Capital, Anthemis, Courtside Ventures and notable individuals including Super Bowl LVI-winning wide receiver Odell Beckham Jr, athlete turned investor Sahil Bloom and award-winning actor Robin Wright.
Consumer financing as a whole hasn't been personalized since the advent of eCommerce. The best value from credit cards is often gatekept by financial institutions that want only high value customers and those with high credit/FICO scores. Consumers with low FICO scores or limited spending power are often excluded and hit the hardest with negative restrictions (i.e. impact on credit score) on what they can buy and what rewards they get for using specific cards. Kasheesh believes consumers should have tailored financing options on purchases versus being forced to select just one source of available funds.
Kasheesh's free, web-based browser extension helps U.S.-based consumers across three main areas of online spending: reduced cost burden on individual cards per purchase, assisting in sustainably building credit scores and card rewards by utilizing any combination of cards versus just one, and maximizing financial privacy through Kasheesh's unique auto-generation of a new encrypted card number to use per purchase.
"Most people are used to paying for something with one form of payment, be it one card or BNPL alternatives. There's a significant cost burden, risk, and little to no personalization when you're forced to put an entire payment onto one card, especially when that card is frequently used for multiple purchases," said Sam Miller, co-founder and CEO of Kasheesh. "Kasheesh leverages existing spending power, not added debt. We maximize rewards versus maxing out cards."
Show Me the Money
Kasheesh auto-generates a unique banking "card" number pulled from debit and credit cards of a user's choosing in order to split the cost of online purchases. Its many benefits include:
"There are no online payment platforms that allow U.S. shoppers to split their payments, no less ones that allow consumers to avoid incurring further debt," said Sahil Bloom, Managing Partner of SRB Ventures. "I appreciated the way that Kasheesh unlocks consumers to pay for things using the credit they already have in the most efficient manner, and the future opportunity to allow consumers to optimize their spend across various rewards points and perks."
Kasheesh is currently only available in the U.S. For more information and to sign up, please visit https://www.kasheesh.co/ and follow us on social media: Instagram: @kasheesh.pay, Twitter: @kasheeshpay and on LinkedIn.
Kasheesh represents a new era for payments. Kasheesh is a first-to-market digital payment platform that allows anyone to split payment for online purchases across multiple debit and credit cards in any way they want, for free. We believe any shopper regardless of income and credit score should be able to consolidate spending power across their spending cards in order to optimize rewards and build credit with real-time transactional intelligence. More importantly, we believe unlocking the full potential of debit and credit cards will help consumers everywhere make more responsible spending decisions powered by analytics.