KAST Raises $80M at $600M Valuation for Stablecoins
KAST secured $80 million in Series A funding at a $600 million valuation to grow its cross-border stablecoin payments platform globally, announced Monday.
What to Know
- $80 million Series A raised by KAST, led by QED Investors and Left Lane Capital
- $600 million post-money valuation, confirmed by sources cited by Bloomberg
- KAST has surpassed 1 million users and processes roughly $5 billion in annualized transaction volume
- Revenue has doubled since the end of September 2025, the company said
KAST, the stablecoin payments platform built around cross-border money movement, pulled in $80 million in Series A financing on Monday — a round led by QED Investors and Left Lane Capital that puts the company's valuation at $600 million. The raise lands as stablecoins are finally starting to mean something beyond crypto-native speculation.
Who Backed KAST and What the Money Is For?
Peak XV Partners, HSG, and DST Global Partners joined QED and Left Lane in the round — a lineup that reads less like a crypto-curious bet and more like a serious fintech infrastructure play. KAST founder and CEO Raagulan Pathy said the KAST capital would go toward product expansion, licensing and compliance work, and growing the team across its target markets in North America, Latin America, and the Middle East.
The company also plans to launch KAST Business, a product suite targeting payroll, payouts, and cross-border corporate spending. That's the real growth lever here — consumer wallets are crowded, but B2B stablecoin rails are still wide open.
The latest funding reflects the confidence of leading investors in the stablecoin thesis and in KAST's ability to execute it at global scale.
What Is KAST's Stablecoin Payments Platform?
How does KAST use stablecoins for cross-border payments?
KAST is a stablecoin payments platform that connects digital dollars — think USDC or USDT — with local payout networks in the markets it serves. The pitch is straightforward: earn income globally, hold funds in digital dollars, and spend locally through one app. No wire transfers, no correspondent banks eating your margin. According to the company, the platform has been live for 18 months, crossed 1 million users, and is running roughly $5 billion in annualized transaction volume.
The stablecoin payments platform market KAST is entering is enormous — but still mostly theoretical. Stablecoin transactions topped $35 trillion last year globally, according to data from McKinsey and Artemis Analytics. Here's the kicker though: only about 1% of that actually represented real-world use like remittances or payroll. The other 99% was trading, arbitrage, and DeFi activity. That gap is exactly what KAST is building into.
QED Investors and the Bet on Stablecoin Infrastructure
QED Investors co-led the round alongside Left Lane Capital — and Nigel Morris, co-founder and managing partner at QED Investors, didn't hold back on the thesis. "Stablecoin technology holds the potential to reshape the future of finance," Morris said in a statement. "We are thrilled to lead this round at KAST."
QED has a strong track record in fintech — they backed Nubank before it became a household name across Latin America. That context matters. KAST's geographic focus on LatAm and the Middle East isn't accidental — these are markets with volatile local currencies, high remittance flows, and populations that want dollar-denominated savings without a US bank account. Revenue doubling since September 2025 suggests actual adoption, not just sign-up inflation.