Kashu

Kashu is a B2B payment platform that lets businesses tap their credit card limits and move that capacity as cash, sending it to a bank account, a brokerage like Robinhood, or platforms like Coinbase without the typical cash-advance fees, holds, or limits. The product is aimed at operators who use credit as working capital and want to direct it toward things cards usually cannot cover, including rent, payroll, and other business expenses, while still earning the usual card points and rewards. Onboarding runs through an ID and face verification flow, after which users link their cards and convert available credit into spendable funds inside a Kashu wallet. The launch matters because the team is going public after a long build with, by the founder's own admission in the launch tweet, exactly $0 in outside funding, positioning Kashu against incumbent cash-advance products and merchant lenders that charge high rates or impose long settlement windows. Kashu operates as an independent financial technology platform rather than a bank, with money transmission services provided by Monarch Technologies, a licensed money transmitter. The company is based in Scottsdale and was started by a small group of entrepreneurs who hit the same liquidity problem in their own businesses. The team includes co-founder and CEO Grey Friend, COO Miles Pietsch, Head of Partnerships John Polimeni, and Head of Growth Cory Middleton. Grey, who posted the launch announcement, has a systems engineering background and is leading the rollout from waitlist to live product at kashupay.com.