Lithuanian fintech startup Kashimi, a developer of alternative payment infrastructure for regulated and licensed financial institutions globally, has secured $1.36 million in pre-seed funding, co-led by Coinvest Capital and Impellent Ventures.
- Founded in 2024 by Benas Pavlauskas, Kashimi develops alternative payment infrastructure for regulated and licensed financial institutions.
- The company provides a unified API that connects to hundreds of banks, enabling instant account-to-account (A2A) payments through open banking.
- Its platform allows financial institutions, including banks, fintechs, and payment service providers, to offer real-time payments, seamless bill payments, and instant account top-ups, all with bank-level security.
- Kashimi’s infrastructure is designed for rapid deployment, connecting institutions to multiple banks without requiring separate integrations, and supports scalable, compliant, and cost-effective payment solutions across Europe, the UK, and the US.
Details of the deal
- The fresh investemnt was led by Coinvest Capital and US-based Impellent Ventures, with participation from Plug and Play Tech Center and several international business angels.
"Kashimi payment initiation infrastructure stands out for its convenience and completeness. This segment is gaining momentum in the U.S., and Kashimi has a great opportunity to ride the wave of growth. We are happy to have experienced US investors joining the round," claims Viktorija Trimbel, CEO of Coinvest Capital.
- Kashimi plans to expand its alternative payment infrastructure into the European and UK markets, which are increasingly adopting such solutions, and to accelerate its entry into the US market.
- This strategy includes participating in a 6-week GOAL program in Silicon Valley through Plug and Play to gain expertise, build partnerships, and strengthen investor relationships.
