KAST, a stablecoin payments firm, raised $80 million in a Series A funding round announced on March 9, 2026. QED Investors and Left Lane Capital co-led the round. KAST provides a payments platform for storing, earning, and spending stablecoins cryptocurrencies designed to maintain a stable price pegged to an underlying asset, often the US dollar.
Funding Overview
KAST secured $80 million in Series A funding, with terms settled in October 2025 and announced on March 9, 2026. QED Investors co-led the round. Left Lane Capital co-led the round.
The early-stage fundraising valued KAST at $600 million, according to people familiar with the matter. KAST expects its annual revenue run rate to reach $100 million this year. A KAST spokesperson confirmed the funding will support global expansion, hiring, licensing, and product development.
The deal has quickly become part of the latest Web3 fundraising updates, highlighting continued venture capital interest in companies building financial infrastructure around stablecoins and digital assets.
Key funding details:
- Amount raised: $80 million.
- Round type: Series A.
- Announcement date: March 9, 2026.
- Valuation: $600 million.
- Use of funds: Global expansion in North America, Latin America, and the Middle East; hiring; licensing; product development.
About the Company
KAST launched in July 2024. The company is incorporated in the Cayman Islands, with leadership based in Singapore. Raagulan Pathy serves as co-founder and Chief Executive Officer. Pathy previously worked as vice president for Asia Pacific and Singapore chief at Circle Internet Group Inc., issuer of the world’s second-largest stablecoin.
KAST operates as a payments platform in the digital-assets market. It enables users to store, earn yields on, and spend stablecoins.
Investors: QED Investors co-led the Series A round. Left Lane Capital co-led the Series A round. QED Investors and Left Lane Capital did not immediately respond to requests for comment. Peak XV Partners (ex-Sequoia India), HSG (ex-Sequoia China), and DST Global are also listed as investors in KAST from earlier funding activity.
Market Context
Venture capitalists continue to invest in startups offering digital-dollar accounts and stablecoin services. KAST operates in a hot spot of the digital-assets market focused on stablecoins. Stablecoins maintain a price peg to assets like the US dollar, attracting interest amid broader cryptocurrency trends. KAST plans expansion into key markets across North America, Latin America, and the Middle East.
Funding History
KAST previously raised capital in a seed round in December 2024. HSG Capital led that seed round. Peak XV Partners participated in the seed round. The seed round totaled $10 million.
KAST’s funding timeline:
- December 2024: $10 million seed round, led by HSG Capital (formerly Sequoia China), with Peak XV Partners.
- March 2026: $80 million Series A, co-led by QED Investors and Left Lane Capital.
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