US EditionStablecoin Payments Platform KAST Raises $80 Million Series A at $600 Million Valuation
KAST will use $80 million to expand its platform serving over 1 million users and processing $5 billion annually, addressing underused stablecoin real-world payments.
8 Articles
8 Articles
FUNDING | Stablecoin Payments Startup, KAST, Raises $80 Million at $600 Million Valuation
Stablecoin payments company, KAST, has raised $80 million in a new funding round valuing the firm at $600 million, according to a report citing people familiar with the matter. The round was co-led by QED Investors and Left Lane Capital, and comes as investor interest in stablecoin-based payment infrastructure continues to grow despite volatility in broader crypto markets. KAST, which offers U.S. dollar-denominated accounts and payment cards to …
Key points of the news: KAST raised $80 million in a Series A round co-leaded by QED Investors and Left Lane Capital, with a $600 million valuation. The Fintech founded already exceeds a million users and processes about $5 billion in transaction volume per year. The funds will finance its expansion in North America, Latin America and the Middle East, along with the launch of its branch ‘KAST Business’. The payment company with KAST stablecoins …
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