KAST - stablecoin money app, founded 2024. Photographed: the company mark.
Company Profile / Fintech / Stablecoins
KAST.
"It's a wild world. Keep it stable." A global money app that turns digital dollars into everyday spending.
"It's a wild world. Keep it stable." A global money app that turns digital dollars into everyday spending.
KAST is a financial technology company built on a simple bet: that the digital dollar - the stablecoin - is ready to leave the trading desk and enter the checkout line. Founded in 2024 by former Circle executive Raagulan Pathy and former Quona Capital partner Daniel Bertoli, the Singapore-and-Hong-Kong-based firm gives people a way to store, earn, send and spend stablecoins such as USDC and USDT without touching a traditional bank branch.
The product most people meet first is the KAST Card - a Visa card, virtual or physical, that converts a user's stablecoin balance into a US-dollar-denominated spend at the moment of purchase. It works at more than 150 million merchants and ATMs across 170-plus countries, drops into Apple Pay and Google Pay within minutes of approval, and charges no foreign-exchange fee when you spend in your home currency.
But the card is the doorway, not the house. Behind it sits a neobank-style stack: global digital-dollar accounts, KAST Earn yield vaults paying up to roughly 7% APY, KAST Pay for instant cross-border transfers, and a rewards system that pays cashback in SOL and lets holders stake for additional yield. In March 2026, the company raised an $80 million Series A at a $600 million valuation, a signal that investors see stablecoins moving from back-end infrastructure into mainstream consumer finance.
KAST does not describe itself as a bank. It operates as a fintech that partners with regulated institutions and card networks for payments, custody and on- and off-ramp services - a structure that lets it move fast across borders while leaning on licensed partners for the parts that require them.
Stablecoins spent years as plumbing inside exchanges. KAST's wager is that they belong in a card in your pocket. - The KAST thesis, as told across its Series A announcements
More than a million users across 150+ countries: crypto-native consumers, frequent travelers, remote workers paid in dollars, and people in emerging markets who want an alternative to volatile local currencies and slow, expensive cross-border payments. KAST is now extending the same tools to companies through KAST Business.
Owning stablecoins and actually spending them used to mean juggling an exchange, a cash-out, and a multi-day wait. KAST collapses that into a tap: hold digital dollars, spend them anywhere Visa is accepted, and skip the friction of legacy banking bureaucracy and currency conversion.
Its founders combine two hard-to-fake credentials - deep stablecoin knowledge from Circle, the issuer of USDC, and neobanking and fintech-investing experience from Quona Capital. That pairing shapes a product that is fluent in both crypto rails and consumer banking.
KAST sits at the intersection of crypto cards (Crypto.com, Coinbase Card, Gnosis Pay) and multi-currency neobanks (Wise, Revolut). Its differentiator is being stablecoin-native end to end, with rewards paid in SOL and an account layer designed for globally mobile money rather than a single home market.
Visa card in multiple tiers (Standard/K, Illuma, Gold, Solid) that converts stablecoins into a USD balance and spends at 150M+ merchants in 170+ countries, with Apple Pay and Google Pay support.
USD and EU-style digital-dollar accounts for receiving, holding and moving stablecoins and fiat.
Yield-bearing stablecoin vaults offering up to roughly 7% APY on digital-dollar balances.
Instant global money transfers settled on stablecoin rails, sidestepping slow correspondent banking.
A dual rewards system: spend-based KastPoints (up to ~6% on top tiers) plus SOL staking points that redeem for SOL.
Stablecoin accounts and payment tools for companies, a headline expansion funded by the Series A.
Reward rates rise with membership tier - and because payouts are denominated in SOL, loyalty can grow in value rather than simply discount a purchase. Illustrative top-of-season cashback by tier:
Figures are approximate and vary by season, tier and terms. Source: public KAST card reviews.
Former VP for Asia Pacific and CEO for Singapore at Circle, the issuer of USDC. He left the stablecoin's issuer to make digital dollars as spendable as cash.
Former partner at the global fintech fund Quona Capital, bringing neobanking and emerging-markets fintech experience to KAST's account layer.
KAST earns across several lines rather than a single fee. Card interchange flows from every swipe. Membership tiers - Standard, Premium and Private - carry subscription fees that scale from free to several thousand dollars a year for the top cards. FX spreads apply when users spend outside their home currency, and the firm takes margin on its yield products.
Rewards do double duty as a growth engine: paying cashback in SOL and layering staking yield gives users a reason to hold balances on the platform and keep spending through it. The Series A capital is earmarked for expansion across North America, Latin America and the Middle East, broader product development including KAST Business, hiring, and investment in licensing and compliance.
On the competitive map, KAST lines up against crypto card issuers like Crypto.com, Coinbase Card and Gnosis Pay, and against multi-currency neobanks such as Wise and Revolut. Its edge is being stablecoin-native from account to card, aimed squarely at users who live and earn across borders.
| Round | Amount | Date | Lead / Notable Investors |
|---|---|---|---|
| Seed | $10M | Dec 2024 | Peak XV Partners, HSG, DST Global Partners |
| Series A | $80M | Mar 2026 | QED Investors & Left Lane Capital (co-leads); Peak XV, HSG, DST Global Partners |
Series A valued the company at $600M. Total disclosed funding: ~$90M.
Raagulan Pathy and Daniel Bertoli launch KAST to make stablecoins easy to save, send and spend.
Peak XV, HSG and DST Global Partners back the earliest version of the stablecoin card and account.
Fiat banking accounts, KAST Earn vaults, KAST Pay transfers and SOL-based rewards roll out.
QED and Left Lane co-lead a round to fund global expansion and KAST Business, with 1M+ users and ~$5B annualized volume.
KAST is a stablecoin-powered global money app that lets users hold digital dollars and spend them via a Visa card at more than 150 million merchants in 170+ countries, alongside yield, transfers and rewards features.
KAST was founded in 2024 by Raagulan Pathy, a former VP and Singapore CEO at Circle (issuer of USDC), and Daniel Bertoli, a former partner at fintech fund Quona Capital.
KAST raised a $10 million seed in December 2024 and an $80 million Series A in March 2026 at a $600 million valuation, co-led by QED Investors and Left Lane Capital.
The KAST Card converts stablecoins such as USDC and USDT (and select crypto) into a USD-denominated balance, then lets you spend virtually or physically through Visa, with support for Apple Pay and Google Pay and 0% FX in your home currency.
No. KAST operates as a fintech company and partners with regulated institutions and card networks to provide payments, custody and on/off-ramp services rather than holding a full banking license itself.