Kash builds a payments API called liveACH that aims to combine card‑speed clearing with the lower cost and fraud characteristics of ACH. The product clears transactions instantly, settles on the next business day, and charges no NSF or unauthorized payment fees. Kash uses a live algorithmic approach to determine creditworthiness without relying on FICO scores, drawing on dozens of user‑provided and publicly available factors. The company positions liveACH as a B2B solution that can save retailers over 3.5% per transaction versus card fees. Leadership includes CEO Kaz Nejatian and partners Danny Su and Geoff Flarity; recent hires include Joe Saunders (former Visa CEO) as board chair and Sam Wen (formerly of Square) as developer ambassador. The team says the product will reduce costs and risk for retailers and consumers once implemented.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2015