New updates have been reported about KAST.
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KAST has raised $80 million in Series A financing to accelerate its stablecoin-based banking platform, putting the company on a faster global growth trajectory across Latin America, North America, and the Middle East. The round was co-led by QED Investors and Left Lane Capital, with participation from existing backers, and will fund licensing, compliance, product expansion, and headcount growth.
Founded in July 2024 by former Circle executive Raagulan Pathy, KAST offers USD-denominated accounts and cross-border pay-in and payout capabilities to more than 190 countries using stablecoin rails instead of legacy payment networks. The company has already onboarded over one million users, is processing close to $5 billion in annualized transaction volume, and expects to reach a $100 million revenue run rate in 2026, with users and revenue currently increasing 15–20% month over month.