KAST
Stablecoin-based fintech offering USD accounts, cards and cross-border payments to consumers and businesses. Founded in 2024, it raised an USD 80 million Series A in March 2026 after a USD 10 million seed.
Industry: Stablecoin payments | Founded: 2024 | Total Funding: USD 90M
About KAST
KAST is a financial technology company that offers stablecoin-based US dollar accounts, payment cards and cross-border payments to individuals and businesses. It says it is not a bank and that its accounts, cards, custody and on- and off-ramp services are provided by licensed partners.
KAST was founded in July 2024 by Raagulan Pathy, who is chief executive and was previously vice president for Asia Pacific and chief executive for Singapore at Circle. A December 2024 release also named Daniel Bertoli, formerly a partner at Quona Capital, as co-founder. KAST's team page lists James Butland as chief business officer, Sam Kerrins as chief operating officer and Ryan Parsons as chief financial officer. It appointed Brad Jaffe, formerly of Binance, as chief communications officer in March 2026 and Connor Fitzgerald, formerly of Bridge, as U.S. general manager in August 2026.
The website lists USD and EUR accounts that receive ACH, SEPA and wire payments, cards accepted at more than 150 million merchants and a Reserve rewards product launched in August 2026. KAST Business, launched on 1 September 2026, bundles accounts, cards, global transfers, cashback and treasury-backed yields for companies.
In December 2024 KAST announced a 10 million dollar seed round led by HSG and Peak XV Partners, with Goodwater Capital and DST Global partners also taking part. On 9 March 2026 it announced an 80 million dollar Series A co-led by QED Investors and Left Lane Capital, with Peak XV Partners, HSG and DST Global Partners. Bloomberg, cited by The Block, reported a valuation of 600 million dollars. KAST said the money would fund expansion into Latin America, North America and the Middle East, plus licensing and hiring.
At the time of the Series A, KAST reported more than one million users, nearly 5 billion dollars in annualised transaction volume and revenue that had doubled since the end of September 2025. It said it expected a 100 million dollar revenue run rate in 2026. In August 2026 it reported about 250 full-time employees. KAST joined The Digital Chamber in June 2026 and won BeInCrypto's Best Digital Assets Fintech award that month.
Leadership
- Raagulan Pathy, Founder and Chief Executive Officer
- Daniel Bertoli, Co-founder
- Sam Kerrins, Chief Operating Officer
- Ryan Parsons, Chief Financial Officer
- Jase Blenner, Chief Information Officer
- James Butland, Chief Business Officer
- Claire Wells, Chief Legal Officer
- Brad Jaffe, Chief Communications Officer