HongShan, Peak XV back stablecoin-powered neobank KAST

Quick Summary:

KAST declined to disclose user numbers or its valuation, but said its growth had exceeded projections in its first four months of operation.

KAST does not operate in India or China due to regulatory constraints, but it serves the large offshore workforce from these markets.

Manish Singh is a senior reporter at TechCrunch, covering India’s startup scene and venture capital investments.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesChinaIndia

Topics: KAST Fintech Stablecoin Fundraising Crypto HongShan Peak XV Partners

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 08:32:23 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24350622

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About TechCrunch

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