KAST Simplifies Cross-Border Payments with a Stablecoin-Based Platform for Faster, Easier Transactions

KAST, the global money app powered by stablecoins, led by Raagulan Pathy, James Butland, Sam Kerrins, Reto Wolf, Sameera Nilupul, and Ryan Parsons, has raised $80 million in Series A funding co-led by QED Investors and Left Lane Capital with participation from Peak XV Partners, HSG, and DST Global Partners.

KAST’s Growth and Vision

The latest funding fuels KAST’s next growth phase, supporting product expansion, licensing and compliance, and team growth.

The stablecoin-powered platform simplifies cross-border money movement, enabling users to earn globally, hold funds digitally, and spend locally, all from a single platform.

Since launch, KAST has grown rapidly, serving over one million users and processing nearly $5 billion in annualized transactions, with revenue doubling since September 2025.

Why This Round Comes at the Right Time

Stablecoins are increasingly used as payment and settlement rails, not just within crypto markets. Cross-border money movement remains slow, costly, and complex, creating strong demand for better infrastructure.

KAST leverages this shift by connecting digital dollars with local payout systems in supported markets, offering a seamless bridge between digital assets and traditional financial rails.

Raagulan Pathy, KAST Founder and CEO, noted that the latest funding, raised less than 18 months after launch, reflects investor confidence in both the stablecoin thesis and KAST’s global execution. The company aims to become the leading platform for stablecoins, serving both consumers and businesses.

How This Funding Will Be Used

The Series A funding will drive KAST’s expansion across North America, Latin America, and the Middle East, while supporting broader product growth, including the launch of KAST Business.

Team growth continues across engineering, compliance, and operations, with talent recruited from Stripe, Revolut, Binance, Circle, and Airwallex. Investors view this round as part of a broader shift in financial infrastructure.

Investor Perspectives

Nigel Morris, Co-founder and Managing Partner at QED Investors, said:

 “Stablecoin technology holds the potential to reshape the future of finance. We are thrilled to lead this round at KAST.”

Sandeep Patil, Partner at QED Investors, added:

 “Fintech is a trust business disguised as software, and stablecoins are rapidly becoming the always-on dollar layer for moving and holding value across borders and assets.”

Matthew Miller, Managing Partner at Left Lane Capital, noted:

 “Consumer platforms will increasingly integrate stablecoin infrastructure into everyday financial use.”