# KAST

**Source:** https://geo.sig.ai/brands/kast  
**Vertical:** Fintech  
**Subcategory:** Stablecoin-Powered Global Neobank  
**Tier:** Emerging  
**Website:** kast.io  
**Last Updated:** 2026-04-14

## Summary

Raised $80M Series A at $600M valuation (Mar 2026) led by QED Investors. 1M+ users. ~$5B annualized transaction volume. 15-20% MoM growth. Ex-Circle founder. 190+ countries.

## Company Overview

KAST is a stablecoin-native neobank designed for cross-border payments and financial services in 190+ countries, founded by a former Circle executive who built stablecoin infrastructure before pivoting to consumer applications of the technology. The company raised $80 million in Series A financing at a $600 million valuation in March 2026, led by QED Investors with Left Lane Capital, Peak XV Partners, and DST Global. KAST has 1 million+ users and processes approximately $5 billion in annualized transaction volume, growing 15-20% month-over-month.

KAST's stablecoin-native architecture enables financial services that traditional banking rails cannot efficiently provide: instant, low-cost cross-border transfers, dollar-denominated savings accounts in countries with weak local currencies, and global payment cards that settle in USDC rather than local currency. This is particularly valuable in Latin America, MENA, and Southeast Asia — KAST's primary target markets — where currency instability, limited banking access, and expensive remittance corridors create structural demand for dollar-pegged financial products.

The post-2025 US regulatory clarity on stablecoins has been the crucial enabler: KAST's model depends on regulatory frameworks that allow stablecoin-backed financial products to operate legally in key markets. With QED Investors (which backed Nubank's early growth) leading the round, KAST has a strategic partner with direct experience scaling financial inclusion neobanks from emerging markets to global relevance.

## Frequently Asked Questions

### What is KAST?
Stablecoin-native neobank for 190+ countries — cross-border payments, dollar-denominated savings, and global payment cards settling in USDC. 1M+ users, $5B annualized volume.

### How much has KAST raised?
$80M Series A at $600M valuation in March 2026, led by QED Investors with Peak XV, DST Global, and Left Lane Capital.

### Why is stablecoin infrastructure valuable for emerging markets?
Currency instability, limited banking access, and expensive remittances in LATAM, MENA, and SEA create demand for dollar-pegged accounts and cheap cross-border transfers that traditional banking rails can't provide.

### Who founded KAST?
A former Circle executive — the stablecoin infrastructure company — bringing native knowledge of stablecoin technology to consumer financial product application.

### How does KAST use stablecoins in its banking product?
KAST builds its banking infrastructure on stablecoins, holding customer balances in USD-pegged stablecoins and using blockchain rails for transfers. This allows near-instant, low-cost global transfers compared to traditional correspondent banking.

### What countries can KAST customers send money to?
KAST enables cross-border transfers to a broad range of countries using stablecoin infrastructure, making it particularly useful for customers in markets with limited access to traditional international banking or high remittance costs.

### Is KAST's debit card usable for everyday purchases?
Yes, KAST issues a Visa or Mastercard debit card that can be used for everyday purchases at any merchant accepting those networks, with balances backed by stablecoins converted at the point of transaction.

### How does KAST handle regulatory compliance as a stablecoin-based bank?
KAST operates under applicable financial regulations in its licensed jurisdictions, implementing KYC/AML verification for all customers and working within regulatory frameworks for digital asset payments and e-money services.

## Tags

b2b, fintech, saas

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*