Block (the rebranded title of FinTech giant Square) has made its first moves into the Japanese market.
In Brief:
It’s invested in Kyash, a mobile first FinTech based in Tokyo.
This was part of Kyash’s $14.2mn Series D funding.
Kyash currently focuses on the Japanese retail market, which is the third largest economy globally, according to TechCrunch.
What does this mean?
Reportedly this is not only Block’s first foray into Japan but also the company’s first investment into an Asia based company.
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