KyckGlobal

About KyckGlobal

KyckGlobal operates as a financial technology firm centered on modernizing business-to-consumer (B2C) and business-to-business (B2B) payments. Founded in 2018 by serial entrepreneur Ashish Bahl, the company was established to address inefficiencies in the payments market, particularly for off-cycle payments to gig economy workers. Bahl, who previously founded and sold two other payment companies, Harbor Payments to American Express and Acculynk to FirstData, identified an opportunity to innovate in a market ripe for change.

The company's core offering is a cloud-based payments platform that aggregates a wide array of payment methods into a single point of reconciliation. This allows businesses to disburse funds to individuals and other companies through numerous domestic and international channels, including Same Day ACH, push-to-debit/card, PayPal, Venmo, cash, and international wires in over 145 currencies. The platform is designed to serve a diverse client base, from Fortune 500 corporations to single-location businesses, across various sectors such as insurance, banking, specialty finance, and the gig economy. Revenue is generated through fees charged to the payer for transactions and other platform services.

KyckGlobal's technology provides a comprehensive dashboard for payers to manage the entire transaction lifecycle, from payee onboarding to reporting. For the recipients, it offers the flexibility to choose their preferred payment method, which enhances their experience and is particularly beneficial for reaching both banked and underbanked individuals globally. The platform also integrates functionalities for document storage and the generation of tax forms, such as 1099s. A significant milestone occurred in August 2023 when KyckGlobal was acquired by Dash Solutions, a fintech platform specializing in digital payments and engagement programs. This acquisition was a strategic move for Dash Solutions to enhance its core offerings in pay, rewards, expense management, and corporate disbursements, integrating KyckGlobal's technology to expand its digital payment capabilities.