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Kast Raises $80M Series A For Stablecoin Banking
Kast is doubling down on its vision for global stablecoin banking with an $80M Series A round to scale operations.
Kast is continuing to drive forward global stablecoin card and banking accounts across the industry, now focusing on an even broader reach with a successful $80M Series A(Peter Nguyen / Unsplash)
Kast has raised $80M in a Series A round.
The company is focusing on becoming a leader in the category of stablecoin banking, offering both virtual accounts and physical stablecoin cards across 200 countries. This Series A is 18 months after founding, led by QED Investors and Left Lane Capital.
Founder and CEO Raagulan Pathy expressed:
“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.”
Stablecoin accounts and card payments are becoming the most widely used form of stablecoins in both consumer and business. From daily purchasing and cashback rewards to invoice payments and treasury management, players like Kast are helping global adoption.
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