Global fintech KAST raises US$80 million in Series A funding
Global fintech KAST have raised US$80 million in Series A funding, co-led by QED Investors and Left Lane Capital. Peak XV Partners, HSG, and DST Global Partners also participated.
This funding supports the next stage of growth for KAST, and they will use it to expand their products, invest further in licensing and compliance, and grow the global team.
KAST 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, KAST have grown quickly. Today, they 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.
KAST 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.
KAST‘s Australian Founder and CEO, Raagulan Pathy (pictured), 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.”
“Our end game is clear, to be the leading platform for the stablecoin world, both for consumers and businesses.”
What this funding helps KAST 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 a wider services expansion.
KAST has expanded across engineering, compliance, and operations, bringing in talent from Stripe, Revolut, Binance, Circle, and Airwallex.
