Canada-born startup Kash raises $2 mln from Silicon Valley VCs

Kash Corp, a San Francisco mobile payments company originally started in Canada, has received US$2 million in seed-stage funding. Backers of the round included U.S. venture capital firms Draper Associates, Green Visor Capital and Structure Capital. The company said the capital infusion would help it develop, market and expand its mobile payments technology, which provides an alternative to traditional credit cards. Launched earlier this year in Toronto, Kash moved to the United States to join the startup program at Silicon Valley's Y Combinator.

CanadaNorth AmericaBriefs