US Edition
Stablecoin Payments Platform KAST Raises $80 Million Series A at $600 Million Valuation
KAST will use $80 million to expand its platform serving over 1 million users and processing $5 billion annually, addressing underused stablecoin real-world payments.
- KAST raised $80 million in a Series A on Monday, led by QED Investors and Left Lane Capital, with Peak XV Partners, HSG, and DST Global Partners joining a $600 million valuation.
- Amid a surge in stablecoin activity, stablecoin transaction volumes exceeded $35 trillion last year, yet only about 1% served real-world payments such as remittances or payroll, McKinsey and Artemis Analytics found.
- Since launching 18 months ago, KAST has reached more than one million users, processes about $5 billion in annualized transaction volume, and doubled revenue since September 2025.
- The company plans to use the capital to expand product offerings, invest in licensing and compliance, grow its team of more than 250 employees, and roll out KAST Business across Latin America, North America, and the Middle East.
- Investors framed the round as a bet on the stablecoin neobank concept, with Nigel Morris, Co‑Founder and Managing Partner at QED Investors, saying stablecoin technology "holds the potential to reshape the future of finance," and they see 2026 as a key mainstream adoption point.
11 Articles
11 Articles
KAST Raises $80 Million for Stablecoin Neobank at $600 Million Valuation
Stablecoin payments company KAST has raised $80 million in a Series A round valuing the company at $600 million, according to an announcement yesterday.The round was co-led by QED Investors and Left Lane Capital, with returning investors Peak XV Partners, HongShan Capital Group (HSG), and DST Global Partners also participating. QED Partner Sandeep Patil will join the board.Founded in July 2024, KAST offers USD-denominated accounts and payment ca…
PEPE Coin Price Prediction: KAST Raises $80M for Stablecoin Payments as Pepeto Presale Rockets Past $7.8M
Stablecoin payments platform KAST just raised $80 million at a $600 million valuation to expand its licensing and compliance infrastructure. According to CoinDesk, the funding will support product expansion as the company scales a platform bridging traditional payments and crypto rails. Furthermore, the raise signals that institutional capital is flowing into crypto infrastructure at an […] The post PEPE Coin Price Prediction: KAST Raises $80M f…
FUNDING | Stablecoin Payments Startup, KAST, Raises $80 Million at $600 Million Valuation
Stablecoin payments company, KAST, has raised $80 million in a new funding round valuing the firm at $600 million, according to a report citing people familiar with the matter. The round was co-led by QED Investors and Left Lane Capital, and comes as investor interest in stablecoin-based payment infrastructure continues to grow despite volatility in broader crypto markets. KAST, which offers U.S. dollar-denominated accounts and payment cards to …
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
