KAST, a stablecoin-powered financial platform, announced today that it has raised $80 million in a Series A funding round. The investment aims to accelerate the company's mission of providing accessible, borderless financial services to individuals and businesses worldwide.

Founded with the goal of simplifying cross-border money transfers, KAST enables users to earn globally, hold funds digitally, and spend locally through a unified app. Since its launch less than 18 months ago, the platform has rapidly scaled, attracting over one million users and processing nearly $5 billion in annualized transaction volume. Revenue has doubled since September 2025, underscoring the growing demand for stablecoin-based solutions that bridge digital assets and traditional banking systems.

The round was co-led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG, and DST Global Partners. This marks one of the largest Series A raises in fintech history, highlighting investor confidence in stablecoins as a transformative force in global finance.

Raagulan Pathy, Founder and CEO of KAST, expressed enthusiasm about the milestone: “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.” He added, “Our end game is clear, to be the leading platform for the stablecoin world, both for consumers and businesses.”

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