What Kasheesh does

Kasheesh is a US-based fintech founded in 2021 and headquartered in New York that enables consumers to split a single purchase across up to five credit, debit, prepaid, or gift cards from any network (AMEX, Visa, Mastercard, Discover). Its core technology generates a virtual or single-use Mastercard debit/prepaid card number (issued by Bangor Savings Bank under a Mastercard license) that routes a single transaction across the user's linked funding sources in real time at any Mastercard acceptance point. The product surface includes a browser extension, iOS and Android mobile apps with tap-to-pay support via mobile wallet, a multi-use Kasheesh Card, a Single-Use Card, and a tiered loyalty rewards program launched in March 2025 (1%-1.5% cashback, $500 quarterly cap). The business model is primarily a 2% per-transaction service fee, supplemented by interchange revenue from the underlying card network — a portion of which funds the rewards program. Kasheesh serves individual consumers in the US across use cases such as rent and bill splitting, large-ticket purchases, and rewards maximization, and is building a partner channel targeting e-commerce merchants, rent tech, healthcare, student finance, and fintech integrators via API-integrated checkout solutions. The company has raised $9M+ in seed funding from Tribe Capital, Anthemis Group, and Courtside Ventures (among others), operates with a 25+ person distributed team, and reports 100,000+ users and $70M+ in cumulative transactions.

Name

Kasheesh

Legal name

Kasheesh, Inc.

Website

https://kasheesh.co

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kasheesh is a US fintech that lets consumers split a single purchase across up to five credit, debit, prepaid, or gift cards via a Mastercard-issued digital card, charging a 2% per-transaction fee to individuals shopping online and in-store.

Ownership category

akta.pro rank

Product category

Digital Payment Platform

NAICS

Credit Card Issuing (52221)

akta.pro primary industry

Marketplace & Platform Payments (Split Payments, Sub-merchants) (FSAMACAG)

akta.pro secondary industries

Payouts, Disbursements & Marketplace Split Payments (CRAFALAI), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

Keywords

• Split payment platform
• Multi-card payments
• Digital debit cards
• Virtual card payments
• Consumer fintech payments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction Service Fees: Kasheesh charges a 2% service fee on all transactions made with the Kasheesh Card. This is the primary revenue stream. In exchange, users earn 1-1.5% Kasheesh Rewards back, funded through interchange revenue from the underlying card transactions.
2. Interchange Revenue: As the Kasheesh Card is issued by Bangor Savings Bank as a Mastercard prepaid/debit card, Kasheesh earns interchange revenue on each transaction. A portion of this funds the rewards program.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Kasheesh provides a digital payment platform that lets consumers split a single purchase across up to five credit, debit, prepaid, or gift cards from any network (Visa, Mastercard, Amex, Discover). It issues two card products—a recurring Multi-Use Kasheesh Card and a one-time Single-Use Card—accessible via iOS/Android mobile apps and a browser extension, that work anywhere Mastercard is accepted online, in-store via tap-to-pay, and for bill payments.

Product overview

Kasheesh is a financial technology platform that enables consumers to split a single purchase across multiple credit and debit cards. The core product portfolio consists of two payment card options: the Kasheesh Card (Multi-Use) for recurring everyday purchases with rewards and tap-to-pay support, and the Single-Use Card for one-time purchases with enhanced security. Users can link up to 5 cards of any network (AMEX, Visa, Mastercard, Discover) and generate a digital Kasheesh Card that combines them into one payment method. Both cards carry a 2% service fee. The platform is accessible via iOS/Android mobile apps and browser (desktop/mobile). A Kasheesh Rewards loyalty program offers 1%-1.5% cashback. Additional offerings include Shop & Split (retailer guides) and Finance Academy (financial education content). The company was founded in 2021, raised $9+ million in seed funding, and processes over $70 million in transactions across 100,000+ users and 10M+ merchants.

Differentiator

Problem solved

Functional benefit

Products and services

• Kasheesh Card (Multi-Use) A recurring-use digital debit card that combines up to five credit, debit, prepaid, or gift cards into a single card number. Users configure splits by percentage and can swap linked cards at any time; supports mobile wallet tap-to-pay in stores. Issued by Bangor Savings Bank as a Mastercard prepaid/debit card.
• Single-Use Card A one-time-use virtual card number that expires after a single purchase, providing extra protection against unauthorized charges. Splits are set by exact dollar amounts across linked cards rather than percentages.
• Kasheesh Mobile App iOS and Android mobile applications enabling users to sign up, link cards, generate Kasheesh Cards, configure payment splits, manage spending, and use the Kasheesh Card via mobile wallet for online or in-store tap-to-pay purchases.
• Kasheesh Browser Extension A web browser extension that allows users to split online payments directly from their desktop browser by generating a Single-Use Kasheesh Card at checkout.

Quantifiable outcome

• $70M+ worth of payments split by users
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Bangor Savings BankcoreStrategic or Co-development Partner · 1 January 2021Banking partner that issues Kasheesh's Mastercard Pre-paid and debit cards. Member FDIC. Cards are issued pursuant to license by Mastercard International Incorporated. Provides the banking infrastructure and FDIC insurance for customer funds.
• StripecoreTechnology or Integration · 1 January 2021Payment infrastructure provider trusted by Kasheesh. Part of the technology stack enabling payment processing.
• PlaidcoreTechnology or Integration · 1 January 2021Financial data platform trusted by Kasheesh. Enables secure linking of bank accounts and card verification for the Kasheesh platform.
• MastercardcoreTechnology or Integration · 1 January 2021Card network partner licensing the Mastercard brand for Kasheesh Cards. Kasheesh Cards are issued pursuant to Mastercard International Incorporated license and work anywhere Mastercard is accepted.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Sezzle: Sezzle offers interest-free BNPL with pay-in-4 and longer-term installments. It competes for consumer payment flexibility demand, particularly in everyday spending categories where Kasheesh positions itself.
• Klarna: Klarna is a major BNPL competitor offering Pay-in-4 and installment options. It competes for the same consumer use case of making large purchases more manageable, but charges merchants rather than consumers.
• Afterpay (Block): Afterpay, owned by Block, offers BNPL with Pay-in-4 installment mechanics. It competes for consumer mindshare around payment flexibility, especially among Gen Z and millennial shoppers.
• ChargeAfter: ChargeAfter provides a multi-lender BNPL platform at point of sale. It shares with Kasheesh the conceptual model of offering flexible payment options at checkout, though via merchant-side integrations rather than consumer-side card linking.
• Zip: Zip (formerly Quadpay) offers BNPL and pay-in-4 services. It targets similar consumer demographics and competes in the same payment flexibility category as Kasheesh.
• Affirm: Affirm is a leading BNPL provider offering installment financing at checkout. It competes with Kasheesh for payment flexibility demand, though via new credit extension rather than splitting across existing cards.

Broad incumbents

• Apple Pay Later: Apple's installment product (now Apple Pay Installments) competes with Kasheesh by offering interest-free installments integrated into Apple Wallet. Apple is a broad incumbent with unmatched distribution via iOS.
• PayPal Pay Later: PayPal offers Pay Later and installment products as part of its broader checkout suite. It is an incumbent with massive merchant acceptance that could easily add card-splitting functionality if it chose to.

Direct peers

• Splitit: Splitit lets consumers split purchases across existing credit cards via installment plans. It is the closest direct competitor to Kasheesh's multi-card split payment model, targeting both consumers and merchants.

Others

• Stripe Issuing: Stripe is both a Kasheesh infrastructure partner and a broad incumbent that could build or acquire multi-card split functionality. It is comparable as the underlying payment and card-issuing infrastructure layer that powers Kasheesh.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/kasheesh.pay
• TikToktiktok.com/@kasheesh.pay
• Xx.com/Kasheeshpay
• LinkedInlinkedin.com/company/kasheesh

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kasheesh