Kast Raises $80M to Fuel Stablecoin-Powered Enterprise Payouts

Kast, a fintech platform founded by former Circle executive Raagulan Pathy, has closed an $80 million Series A funding round. The company is launching Kast Business, a new platform aimed at onboarding enterprises that need to move money globally without wrestling with legacy banking infrastructure.

The platform operates with regulated partners rather than holding a banking license itself, allowing it to move faster geographically while leaning on existing compliance frameworks.

Kast has issued its own stablecoins, USDK and USDKy, built on the Solana blockchain in partnership with M0 for issuance infrastructure. The company also supports USDC and USDT, giving users and businesses flexibility in how they hold and move dollar-denominated value.

The $80 million in fresh capital will fund licensing and compliance work across North America, Latin America, and the Middle East, along with team expansion and product development for enterprise payouts and payroll solutions. Kast is aiming for a revenue run rate of $100 million in 2026, claiming monthly growth of 15-20%.