# Karsa

> Karsa is a stablecoin neobank that gives people in emerging markets a global dollar account. Users can deposit local currency, save in dollar-denominated stablecoins, receive international payments, cash out to local banks, and spend abroad with a card - without needing a traditional US bank or any crypto knowledge. The product hides the complexity of self-custody wallets and a peer-to-peer stablecoin network behind a familiar banking interface, targeting the roughly one billion people who live under high inflation and capital controls.

- **Founded:** 2025
- **Headquarters:** New York, New York, United States
- **Founders:** Shahryar Hasnani (Co-Founder & CEO), Dale Wilson (Co-Founder & CTO)
- **Team size:** 6
- **Products:** Global Dollar Account, Peer-to-peer stablecoin network, Local deposit & cash-out rails, Karsa card
- **Notable:** Accepted into Y Combinator's Winter 2025 batch., Launched live in five markets - Pakistan, India, Nigeria, Kenya, and Paraguay - within its first year., Built the first USD account tailored specifically to Pakistan's market needs on combined stablecoin and banking rails.

## Products & services

- **Global Dollar Account** — A digital wallet and virtual US-dollar account where users deposit local currency and save in dollar-denominated stablecoins, protecting against inflation and currency devaluation.
- **Peer-to-peer stablecoin network** — An automated matching and verification system that connects buyers with verified stablecoin sellers, removing the chat-based haggling and friction of traditional P2P crypto trading.
- **Local deposit & cash-out rails** — Deposit and withdraw through local payment methods and banks, plus routing to crypto exchanges, so users can move money in and out in minutes.
- **Karsa card** — A card that lets users spend their dollar balance globally, alongside receiving international payments.

## Achievements

- Accepted into Y Combinator's Winter 2025 batch.
- Launched live in five markets - Pakistan, India, Nigeria, Kenya, and Paraguay - within its first year.
- Built the first USD account tailored specifically to Pakistan's market needs on combined stablecoin and banking rails.

## Latest updates

- **2025-03** — Karsa announced through Y Combinator's W25 batch, launching the global dollar account.
- **2025** — Rolled out USD accounts built specifically for Pakistan on stablecoin and banking rails.

## Links

- Website: https://gokarsa.com
- LinkedIn: http://www.linkedin.com/company/karsa

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Profile page: https://yespress.io/karsa-yc-w25
Published by YesPress — https://yespress.io
Last updated: 2026-07-30