US-Based Fintech KAST Raises $80M in Series A to Expand in Middle East
New York-based fintech KAST secured $80 million in Series A funding to scale its stablecoin payments platform globally.
New York-based stablecoin platform KAST has raised $80 million in a Series A funding round as it prepares to expand its services across the Middle East, Latin America and North America.
The round was co-led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG and DST Global Partners.
Founded in July 2024 by Raagulan Pathy, KAST offers US dollar–denominated accounts and cross-border payment tools built on stablecoin infrastructure rather than traditional banking settlement networks.
The platform enables global pay-ins and payouts to more than 190 countries and provides financial tools designed for both individuals and businesses operating across international markets.
According to the company, the new funding will support licensing and regulatory compliance, product development and team expansion as KAST grows its presence in key international markets.
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