Buy Now Pay Later services have become more popular in recent years, but there is now discourse surrounding their potential to contribute to debt spirals and credit damage. Kasheesh offers an alternative to BNPL with software that empowers customers to split online payments across multiple debit and credit cards.
Kasheesh’s web browser extension lets online shoppers split payments across debit, credit and even gift cards without paying fees or interest. It generates a one-time card for each transaction to ensure maximum privacy, and is an attractive option to people budgeting to avoid overdrafts and credit card overuse.
It’s a smart pitch as well as a unique one, inserting itself in payment cycles before debt and fees can be accrued. As of February 2023, the company had facilitated over $40 million in transactions mostly through organic growth, indicating a hunger for BNPL alternatives within the payments sector.
Freddie
Company Specialist at Welcome to the Jungle