COMPANY PROFILE

KAST

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Global payments, accounts, and card spending using stablecoins and traditional financial rails

SingaporeFounded 2024Fintech

Valuation $500M–1B Last recorded · 2026

Revenue $100–500M Latest reported FY

Headcount <100 Current team size

Total funding $50–100M Disclosed equity funding

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About KAST

KAST is a financial technology platform that provides a neobank-style experience centered around stablecoins. Founded in 2024 by Daniel Bertoli and Raagulan Pathy, the company aims to bridge the gap between traditional finance and digital assets for a global user base. Pathy's background as the former VP for Asia Pacific & CEO for Singapore at Circle, the issuer of the USDC stablecoin, combined with Bertoli's experience as a former Partner at the global fintech fund Quona Capital, provides the firm with deep expertise in both stablecoins and neobanking.

The company's core mission is to simplify finances for global citizens by making it easy to save, send, and spend stablecoins without the typical bureaucracy of legacy banking. KAST targets individuals in over 150 countries, particularly those in emerging markets or anyone seeking an alternative to volatile local currencies and inefficient cross-border payment systems. The business model revolves around providing USD-denominated accounts and payment cards, with revenue generated through transaction fees and other financial services. In December 2024, KAST secured a significant milestone with a US$10 million seed funding round led by HSG (HongShan Capital Group) and Peak XV Partners.

KAST offers both virtual and physical Visa cards that allow users to spend stablecoins like USDT, USDC, and USDe at over 100 million merchants worldwide. The platform's key features include a rapid onboarding process, allowing users to get a virtual card in minutes, compatibility with Apple Pay and Google Pay, and direct spending from stablecoin balances without pre-conversion. Users can earn cashback rewards of up to 12% in the form of KAST Points, which are planned to be convertible into a future token. The platform offers multiple card tiers, from standard options to premium metal cards, each with different cashback rates and benefits. A significant aspect of the ecosystem is its integration with Solana, offering benefits like enhanced staking rewards and faster transaction processing.

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At a glance

Status: Operational
Founded: 2024
Headquarters: Singapore
Employees: 78
Open positions: None listed
Dealroom signal: 61.4/100
Industry: Fintech
Sub-industry: Payments, Crypto and DeFi
Sector: Fintech, Digital Wallet, Credit Card, Stablecoin, Payment Processing
Technology: Blockchain, Mobile app
Business model: SaaS
Client focus: b2c
Investment activity: 1 company, latest Nov 2024
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES AOther financing	Mar 2026	$80M	$600M	QED Investors · Left Lane Capital	↗
SEEDOther financing	Dec 2024	$10M	$40M	Peak XV Partners · HongShan	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue
2026

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Growth signals

KAST website traffic

Latest recorded traffic for KAST is 360K monthly website visits, up 24.1% over the last three months. KAST's team grew 0% over the past year.

Latest monthly visits360K 3-month web change+24.1% 1-year team growth0%

Monthly website visitsAug 2024–Jul 2026

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