# KAST

> KAST is a stablecoin-powered global money app that lets people store, earn, send and spend digital dollars. Founded by former Circle executive Raagulan Pathy and ex-Quona Capital partner Daniel Bertoli, the company issues Visa cards that convert USDC, USDT and other stablecoins into local currency at more than 150 million merchants across 170+ countries. KAST layers yield-bearing vaults, instant transfers, cashback and SOL staking rewards on top of a neobank-style account, positioning itself as a financial platform for globally mobile users and, increasingly, businesses.

- **Founded:** 2024
- **Headquarters:** Singapore (with operations in Hong Kong)
- **Founders:** Raagulan Pathy (Co-Founder & CEO), Daniel Bertoli (Co-Founder)
- **Team size:** ~170 employees
- **Products:** KAST Card, Global Accounts, KAST Earn, KAST Pay, SOL Staking & KAST Points rewards
- **Notable:** Raised $80M Series A at a $600M valuation in March 2026, co-led by QED Investors and Left Lane Capital., Grew to more than 1 million users across 150+ countries in roughly 18 months., Reported close to $5 billion in annualized transaction volume.

## Products & services

- **KAST Card** — Visa card (virtual and physical, in tiers including Standard/K, Illuma, Gold and Solid) that converts stablecoins and select crypto into a USD-denominated balance and lets users spend at 150M+ merchants and ATMs in 170+ countries. Works with Apple Pay and Google Pay, supports spending in 16 currencies with 0% FX in the home currency.
- **Global Accounts** — USD and EU-style digital dollar bank accounts for holding and receiving stablecoins and fiat.
- **KAST Earn** — Yield-bearing stablecoin vaults offering up to ~7% APY on digital dollar balances.
- **KAST Pay** — Instant global money transfers powered by stablecoin rails.
- **SOL Staking & KAST Points rewards** — Dual rewards system combining spend-based KastPoints (up to ~6% cashback on top tiers) and SOL staking Points that redeem for SOL.
- **KAST Business** — Stablecoin accounts and payment tools aimed at companies, announced as part of the Series A expansion plans.
- **Pengu Card** — Co-branded card created in collaboration with the Pudgy Penguins community.

## Achievements

- Raised $80M Series A at a $600M valuation in March 2026, co-led by QED Investors and Left Lane Capital.
- Grew to more than 1 million users across 150+ countries in roughly 18 months.
- Reported close to $5 billion in annualized transaction volume.
- Built a stablecoin-native card accepted at 150M+ merchants in 170+ countries.
- Went from $10M seed (Dec 2024) to a nine-figure valuation in about 15 months.

## Latest updates

- **2026-03** — Announced $80M Series A at a $600M valuation to expand across North America, Latin America and the Middle East and to launch KAST Business.
- **2026-03** — Positioned the round as stablecoins moving from infrastructure into mainstream financial services; reported 1M+ users and ~$5B annualized transaction volume.
- **2025** — Rolled out fiat banking accounts, KAST Earn yield vaults, KAST Pay transfers and expanded card tiers with SOL staking rewards.

## Links

- Website: https://kast.xyz
- LinkedIn: https://www.linkedin.com/company/kastxyz
- Twitter/X: https://x.com/KASTxyz
- YouTube: https://www.youtube.com/@KASTxyz
- Instagram: https://www.instagram.com/kast.xyz
- TikTok: https://www.tiktok.com/@kastxyz

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Profile page: https://yespress.io/kast
Published by YesPress — https://yespress.io
Last updated: 2026-07-27