Kashimi Raises $1.36M to Expand A2A Payment Infrastructure via Open Banking

Kashimi, a Lithuanian infrastructure-as-a-service fintech, announced a $1.36 million pre-seed funding round on September 11, 2025. The company provides a single API that enables account-to-account (A2A) payments by connecting to banks across Europe, the UK, and the US through open banking rails. Kashimi's platform is designed for payment service providers, lenders, and digital wallet operators who need scalable bank connectivity without building direct integrations.

The funding will support geographic expansion and further platform development. A2A payments have gained significant traction as an alternative to card-based transactions, driven by open banking mandates and lower transaction costs. Kashimi's approach of abstracting multi-region bank connectivity into a single API positions it as a BaaS infrastructure layer for payment orchestration.

The raise reflects investor interest in the plumbing layer of embedded finance, particularly for cross-border use cases. The company aims to simplify what has traditionally been a fragmented integration challenge for fintechs operating across multiple jurisdictions.