Singapore's KAST Secures $80M Series A Funding Led by QED Investors and Left Lane Capital to Revolutionize Stablecoin Banking
Singapore-based KAST announced it has raised $80 million in an oversubscribed Series A funding round co-led by QED Investors and Left Lane Capital.
Founded in July 2024 by CEO Raagulan Pathy, the stablecoin fintech provides USD-denominated accounts, seamless pay-ins and payouts across more than 190 countries, and advanced financial tools built on stablecoin rails.
Rapid Growth and Impressive Metrics
Less than 18 months since launch, KAST has rapidly scaled to over one million users while processing nearly $5 billion in annualized transaction volume.
The company projects a $100 million annual revenue run rate in 2026, fueled by 15-20% month-on-month growth in users and revenue, which has already doubled since late 2025.
Investor Backing and Strategic Vision
Returning investors Peak XV Partners, HSG, and DST Global Partners joined the round, underscoring confidence in KAST's mission to pioneer a stablecoin-powered neobank for consumers and businesses worldwide.
Pathy emphasized that the funding reflects investor trust in their global execution and commitment to serving founders, creators, and forward-thinkers underserved by traditional banking.
QED's Nigel Morris and Sandeep Patil praised stablecoins as the always-on dollar layer for cross-border finance, highlighting KAST's strong traction and execution.
Left Lane's Matthew Miller views 2026 as a pivotal year for mainstream stablecoin adoption, positioning KAST to deliver frictionless banking amid surging global volumes exceeding $33 trillion last year.
Expansion and Future Impact
The fresh capital will accelerate expansion into Latin America, North America, and the Middle East, alongside investments in licensing, compliance, product innovation, and talent acquisition.
By bypassing slow legacy networks, KAST promises faster, cheaper money movement for emerging markets and mobile workforces, potentially transforming global remittances and payments.
This milestone cements KAST's role as a leader in the stablecoin revolution, poised to redefine fintech for a borderless economy.
