Kyash (a Tokyo-based digital wallet) announced that it raised $41.2million, or 4.9 Billion yen in its Series D round. In 2015 the company launched the cashless mobile app with a corresponding credit card. Since then, its funding has risen to approximately $108million, 12.8billion yen.

The round was joined by both Japanese and global banks, such as Jack Dorsey’s Block (formerly Square), Japan Post Investment Corporation and Jack Dorsey’s Block in the United States. Greyhound Capital, SMBC Nikko Securities and JAFCO Group contributed additional investment. AccordingAccording to a report from, Kyash was the first Asia-based business in which Block invested.