Author: Arushi Garg
Steady attention without excessive speculation.
10th March, 2026 – Stablecoin fintech KAST has raised $80 million in Series A funding at a $600 million valuation. The 18-month-old global payments platform founded in July 2024 by former Circle executive Raagulan Pathy announced the round, co-led by QED Investors and Left Lane Capital with returning backers Peak XV Partners, HSG, and DST Global. Proceeds will accelerate expansion across Latin America, North America, and the Middle East, fund new products like KAST Business, and push the company toward a $100 million annual revenue run rate this year.
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hitman42.eth
@ihitman42
@KASTxyz @QEDInvestors @leftlanecap the real mass adoption story was always going to be stablecoins not speculation
Building a stable future for everyone 🌎 We've raised a historic $80M Series A to give everyone access to stablecoin-powered financial services. Special thanks to @QEDInvestors and @leftlanecap for co-leading the round and to all our members for believing in our mission. https://t.co/MQSvrGOQG6
12:34 PM·Mar 9, 2026
jimthereaper
@jimmyhumania_
@KASTxyz @QEDInvestors @leftlanecap Huge milestone for the ecosystem. Proud to be a believer, superfan, builder of this journey. Building a global money app is no small task, but KAST team and ecosystem is doing it. LFG!
Building a stable future for everyone 🌎 We've raised a historic $80M Series A to give everyone access to stablecoin-powered financial services. Special thanks to @QEDInvestors and @leftlanecap for co-leading the round and to all our members for believing in our mission. https://t.co/MQSvrGOQG6
12:15 PM·Mar 9, 2026
Paris | crypto wellness grandma
@paris11xbt
@KASTxyz @QEDInvestors @leftlanecap when you build products to make people life easier, it attracts investment all in on kast 💕congrats
Building a stable future for everyone 🌎 We've raised a historic $80M Series A to give everyone access to stablecoin-powered financial services. Special thanks to @QEDInvestors and @leftlanecap for co-leading the round and to all our members for believing in our mission. https://t.co/MQSvrGOQG6
11:25 AM·Mar 9, 2026
KAST, a stablecoin-powered global payments and financial platform founded in July 2024 by former Circle executive Raagulan Pathy, announced an $80 million Series A on March 9, 2026. The round was co-led by QED Investors and Left Lane Capital, with returning investors Peak XV Partners, HSG, and DST Global Partners participating. The funding values the 18-month-old startup at $600 million. The capital will support expansion across Latin America, North America, and the Middle East, along with licensing, compliance, new products such as KAST Business, and team growth. The company is targeting a $100 million annual revenue run rate this year.
The raise follows KAST’s $10 million seed round just four months earlier. Large stablecoin fintech funding rounds have become more common as the market surpassed $300 billion in supply and payment usage increased in emerging markets. Earlier digital-dollar account platforms also saw rapid follow-on funding and strong investor demand with little sign of slowing.
Key milestones in the growth of KAST’s stablecoin-powered global payments platform
Former Circle executive Raagulan Pathy launches KAST as a stablecoin-powered financial platform designed for global payments and cross-border transfers.
KAST closes a $10 million seed round backed by investors including Peak XV Partners, supporting development of its stablecoin payments infrastructure.
KAST raises $80 million in Series A funding at a $600 million valuation, co-led by QED Investors and Left Lane Capital to accelerate global expansion.
The company targets reaching a $100 million annual revenue run rate by the end of 2026 as it scales its stablecoin-powered financial services.
KAST enters a rapidly expanding stablecoin payments sector where fintech startups are racing to build global dollar-based payment networks. Companies offering digital dollar accounts and stablecoin transfers are targeting markets where traditional banking infrastructure is slow or expensive.
As more startups raise large funding rounds, competition is likely to intensify around licensing, compliance, and regional partnerships. KAST’s new capital gives it resources to scale quickly, but long-term success will depend on securing regulatory approvals and building reliable payment corridors in key markets.
KAST expansion updates: New country licenses or KAST Business rollout in LATAM and the Middle East over the next 3 to 6 months.
Revenue run rate: Quarterly updates showing progress toward the $100M annual revenue target.
Team growth: New executive and engineering hires indicating how quickly the $80M funding is being deployed.
Peer funding rounds: New Series A or B raises in stablecoin payments that confirm continued investor appetite.
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