Singapore’s KAST raises $80 M Series A funding co-led by QED Investors, Left Lane Capital
In a Series A funding round co-led by Left Lane Capital and QED Investors, Singapore-based stablecoin fintech company KAST has raised $80 million.
As investors increasingly support stable coins as a foundational layer for contemporary financial services, the company said in a statement on Monday that the funding includes participation from returning investors Peak XV Partners, HSG, and DST Global Partners.
The funding comes at a time when demand for quick, dollar-denominated money movement is surpassing the infrastructure of traditional correspondent banking, especially in emerging markets and globally mobile workforces.
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.
According to him, the company wants to create the stablecoin-powered future of finance for the innovators, creators, and forward-thinkers who were left behind by the established banking system.
He claims that the platform is designed to support people’s global aspirations rather than just finance around procedures and platforms, enabling them to achieve their goals 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.
KAST was established in July 2024 and offers USD-denominated accounts, international pay-ins and payouts to over 190 countries, and an expanding range of financial tools for consumers and businesses that are based on stablecoin rails rather than legacy settlement networks.
Since its inception, KAST has grown to over a million users and processes almost $5 billion in annualized transaction volume, demonstrating the expanding use of stablecoin-based financial services outside of trading and crypto-native use cases.
Both users and revenue are currently increasing by 15% to 20% month over month, and the company anticipates that revenue will reach $100 million annually in 2026. Since the end of September 2025, KAST’s revenue has doubled.
“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.
