# KASU

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kasu-pty

- Industry: Financial Services
- Headquarters: Adelaide, Australia
- Website: www.kasu.finance/
- Total disclosed funding: $3M
- Latest round: Seed (Jan 11, 2024)
- Investors on record: 8

## About

Based in Adelaide, Australia, and founded in 2022, KASU Pty Ltd operates as a fintech company that offers a platform designed to deliver on-chain yield by connecting with business borrowers. In January 2024, KASU Pty Ltd raised USD 3 million in seed funding co-led by new investors Woodstock, Morningstar Ventures, and Faculty Group, with participation from other new investorsCypher Capital, Matterblock, Andromeda Capital, NxGen, Rarestone Ventures, Asteroid Capital, and Optic Capital. 

KASU develops a platform that facilitates private credit on DeFi rails, allowing liquidity providers to earn fixed and variable yields. The platform enables yield providers to secure capital with lighter security and reporting requirements, along with favorable rates compared to traditional lenders. KASU's interface empowers both providers for deploying funds to access real-time performance metrics and submit funding opportunities. 

The company plans to use the seed funding to develop its platform and lower credit risk further, producing better risk management and higher-quality profits.

## Funding rounds

- Seed, Jan 11, 2024, $3M — Cypher Capital, Woodstock, Rarestone Capital, Morningstar Ventures, Faculty Group, NxGen Capital, Andromeda Capital Management, Optic Capital

## Investors

- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- Rarestone Capital (https://capitalatlas.ai/funds/rarestone-capital) — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- Faculty Group — Seed
- NxGen Capital (https://capitalatlas.ai/funds/nxgen-capital) — Seed
- Andromeda Capital Management — Seed
- Optic Capital (https://capitalatlas.ai/funds/optic-capital) — Seed