Stablecoin payment company KAST has raised $80 million in a funding round led by QED Investors and Left Lane Capital, bringing its post-money valuation to approximately $600 million. The funds will be used for global expansion, hiring, licensing, and product development. Founded in 2024 by former Circle Internet Group APAC Vice President Raagulan Pathy, KAST's management team is based in Singapore. The company projects its annual revenue to reach around $100 million by 2026.
KAST Secures $80 Million in Funding, Valued at $600 Million
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