KAST Raises $80M in Series A to Expand Stablecoin Financial Platform
The money always tells the story before the headlines catch up. Quiet flows first. Then conviction. Then suddenly everyone notices the current. That current just ran straight through KAST. This company raised $80M Series A led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG (HongShan Capital Group), and DST Global Partners. For a company founded in July 2024, that kind of backing is not casual applause. That is capital leaning forward.
Credit to Raagulan Pathy, Founder and CEO, and Daniel Bertoli, Co Founder, for seeing where the rails of global finance were already heading. The thesis is simple in theory and brutal in execution. If stablecoins are becoming the infrastructure layer of money, then someone has to build the financial platform that turns those digital dollars into something people can actually live with, spend with, and move across borders without friction.
The company built a global financial platform powered by stablecoin rails, offering USD-denominated accounts that allow users to earn globally, hold funds digitally, and spend locally. Think about that for a second. A worker earning income across borders. A business paying teams across continents. Funds arriving instantly as digital dollars, then moving through local payout systems and card networks like any other payment.
The traction tells its own story. More than 1M users since launch. Nearly $5B in annualized transaction volume. Growth humming along at roughly 15–20% month over month, with revenue doubling since September 2025. The company expects to reach a $100M annual revenue run rate in 2026. Those are not vanity metrics. Those are signals.
Stablecoins processed roughly $33T in transaction volume in 2025, yet only about 1% of that activity represents real world payments like payroll, remittances, and merchant spending. Translation for anyone keeping score. The infrastructure exists. The real economy is just starting to plug in.
The bench is stacked for execution. James Butland runs business. Sam Kerrins runs operations. Reto Wolf owns product. Sameera Nilupul leads core engineering as CTO, with Chameera Wijebandara as Co-CTO adding depth at the technical helm, while Ryan Parsons keeps the financial architecture tight.
Investors clearly see the runway. Sandeep Patil, Partner at QED Investors, is joining the board as part of the round. The capital will push product expansion, deepen licensing and compliance infrastructure, and scale hiring across engineering, operations, and compliance as KAST expands into North America, Latin America, and the Middle East.
There is a reason the name KAST sticks. In a world where money increasingly travels as code, the platforms that control how value moves become the real stage. Stablecoins built the rails. Companies like KAST are building the station where the rest of the world eventually shows up.