KAST Announces $80M Series A

We have raised $80 million in Series A funding.

QED Investors and Left Lane Capital co led the round. Peak XV Partners, HSG, and DST Global Partners also participated.

This funding supports the next stage of growth for KAST. We will use it to expand our product, invest further in licensing and compliance, and grow our team.

We are building a stablecoin-powered financial platform designed to help people and businesses move money across borders more easily. The focus is clear: make it simpler to earn globally, hold funds digitally, and spend locally through one platform.

Since launch, we have grown quickly. Today, we serve more than one million users and process close to $5 billion in annualized transaction volume.

Revenue has also doubled since the end of September 2025.

Why This Round Hits at the Right Time

Stablecoins are no longer sitting only in the background of crypto markets. More often now, they’re being used as payment and settlement rails.

That shift matters because moving money across borders still takes too much time, costs too much, and includes too many steps for too many people. The demand for better infrastructure is growing, and it is growing fast.

We are building directly into that change. KAST connects digital dollars with local payout systems in supported markets, giving users a simpler way to move money between digital assets and traditional financial rails.

Raagulan Pathy, Founder and CEO of KAST, said:

“The latest funding, raised less than 18 months from launch, reflects the confidence of leading investors in the stablecoin thesis and in KAST’s ability to execute it at global scale.”

He added:

“Our end game is clear, to be the leading platform for the stablecoin world, both for consumers and businesses.”

What This Funding Helps Us Build

The Series A funding will support expansion across North America, Latin America, and the Middle East.

It will also support broader product growth this year, including the launch of KAST Business as part of our wider services expansion.

At the same time, we continue to grow our team. KAST has expanded across engineering, compliance, and operations, bringing in talent from Stripe, Revolut, Binance, Circle, and Airwallex.

Investors see this round as part of a bigger shift in financial infrastructure.

Nigel Morris, Co-founder and Managing Partner at QED Investors, said:

"Stablecoin technology holds the potential to reshape the future of finance. We are thrilled to lead this round at KAST, and I am particularly pleased that Sandeep Patil will be joining the board to support them in scaling with the discipline of a true financial institution. KAST has a clear ambition and strong execution, and we look forward to being part of their growth journey.”

Sandeep Patil, Partner at QED Investors, said:

“Fintech is a trust business disguised as software, and stablecoins are rapidly becoming the always on dollar layer for moving and holding value across borders and assets.”

Matthew Miller, Managing Partner at Left Lane Capital, said:

“We believe consumer platforms will increasingly bring stablecoin infrastructure into everyday financial use.”

For us, this round is about continuing to build. More product, wider reach, deeper work on licensing and compliance, and a stronger team behind it.

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