KAST, a Singapore-based stablecoin fintech firm, has raised $80 million in a Series A funding round co-led by QED Investors and Left Lane Capital.
The firm said in a statement on Monday that the funding is including participation from returning investors Peak XV Partners, HSG and DST Global Partners, as investors increasingly back stable coins as a foundational layer for modern financial services.
The funding comes as stablecoin usage accelerates globally, particularly across emerging markets and internationally mobile workforces, where demand for fast, dollar-denominated money movement is outpacing traditional correspondent banking infrastructure.
KAST said it will use the capital to expand across Latin America, North America and the Middle East, as well as accelerating licensing, compliance, product development and headcount growth.
“The latest funding, raised less than 18 months from launch, reflects the confidence of leading investors in the stable coin neobank thesis – and in Kast’s ability to execute it at global scale,” said Raagulan Pathy, Founder and Chief Executive Officer of KAST.
He said the firm aims to 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.
According to him, 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.
“Our end game is clear, to be the leading neobank for the stablecoin world, both for consumers and businesses,
“The pace at which we move, the team, and the world-class talent we’re attracting will play out further in 2026 and beyond,” he added.
Founded in July 2024, KAST provides USD-denominated accounts, global pay-ins and payouts to more than 190 countries, and a growing suite of consumer and business financial tools built on stablecoin rails rather than legacy settlement networks.
Since launch, KAST has scaled to more than one million users and is processing nearly $5 billion in annualized transaction volume, reflecting the growing adoption of stablecoin-based financial services beyond trading and crypto-native use cases.
The company expects revenue to reach $100 million annual run rate in 2026, with both users and revenue currently growing approximately 15 percent to 20 percent month-on-month. KAST’s revenue has doubled since the end of September 2025.
“Stablecoin technology holds the potential to reshape the future of finance…KAST has a clear ambition and strong execution, and we look forward to being part of their growth journey,” said Nigel Morris, Co-Founder and Managing Partner at QED Investors.
Meanwhile, Sandeep Patil, Partner at QED Investors, said 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.
“KAST is building on this layer with a clear wedge and already showing strong customer traction,” he added.
Matthew Miller, Managing Partner at Left Lane Capital, said over the past several years, they have seen stablecoins emerge as critical infrastructure within the global financial system.
“We believe 2026 could represent a meaningful inflection point as consumer-facing platforms begin bringing that infrastructure to the mainstream,” he noted.
He also said individuals and businesses operating across borders deserve a seamless way to bank, spend, and save – without hidden fees, friction, or exposure to currency depreciation.
“KAST combines a forward-looking regulatory posture, a compelling product and brand, and an exceptional executive team to capitalize on this generational opportunity,” he added.
Cited Artemis Analytics, the statement highlighted that global stablecoin transaction volume grew 72 percent last year to more than $33 trillion, exceeding the combined on-chain settlement volumes of major global card networks, a shift investors increasingly view as structural rather than cyclical.
To support this growth, KAST has hired more than 250 employees across engineering, compliance and operations recruiting from firms including Stripe, Revolut, Binance, Circle, and Airwallex.
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