- New York-based stablecoin platform KAST raises USD 80M Series A to expand services across Latin America, North America, and MENA.
- Founded in 2024 by Raagulan Pathy, KAST offers USD accounts, global payouts, and financial tools built on stablecoin rails.
- The platform targets underserved founders, creators, and globally mobile users seeking fast, dollar-denominated financial solutions beyond traditional banking.
KAST
New York-based KAST, a global financial platform, raised USD 80 million in a Series A funding round. The round was co-led by QED Investors and Left Lane Capital. The round also saw participation from Peak XV Partners, HSG and DST Global Partners.
Founded in July 2024 by Raagulan Pathy, KAST is a global financial platform built on stablecoin rails. It provides USD-denominated accounts, global pay-ins and payouts to more than 190 countries. Additionally, it offers a suite of consumer and business financial tools built on stablecoin rails rather than legacy settlement networks.
Looking ahead, with the capital, it aims to expand across Latin America, North America and the Middle East. It also aims to accelerate licensing, compliance, product development and headcount growth.
Stablecoins
The stablecoin platform’s mission is to power finance through stablecoins with founders, creators and forward thinkers in mind. This is because it believes these categories are underserved by traditional banking.
“KAST’s mission is to build the future of finance, powered by stablecoins and designed for the founders, creators and forward thinkers left behind by the traditional banking system. The platform is built for the global ambitions of individuals, not simply finance around processes and platforms, so they can get to wherever they want in life,” said Raagulan Pathy, Founder and CEO of KAST.
The funding comes as stablecoin usage accelerates globally, particularly across emerging markets and internationally mobile workforces. The company claims that this is because these markets have a high demand for fast, dollar-denominated money movement.
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