Kash

Kash (YC S14) is on a mission to build a new payment network as an alternative to credit cards.

Why? Credit cards impose a hidden tax on everything. The profit margin of your average neighborhood store is under 2%. A typical grocery store’s operating margin is around 1.7%. On the other hand, the typical cost of processing all payments is about 2%. As Priceonomics puts it, "Credit card fees are 2% or more of nearly pure profit."

There has been many innovations built on top of the existing credit card network, but none of those fundamentally changes the equation. Kash is changing the equation.

With the former CEO of Visa leading our board, and all the momentum we're seeing, we're confident that a new network can be built. Come chat with us to learn more if you think this is a worthy cause.