Stablecoin banking startup Kast secured fresh funding as it looks to expand payment infrastructure across North America, Latin America and the Middle East.
Stablecoin payments company Kast has raised $80 million in a funding round that values the company at $600 million, according to a Bloomberg report on Monday citing people familiar with the matter.
The round was co-led by QED investors and Left Lane Capital, and Kast expects an annual revenue run rate of around $100 million in 2025, according to Bloomberg.
The company reportedly plans to use the funding to expand across North America, Latin America and the Middle East, while also adding staff, securing licenses and developing new products.