Stablecoin payments firm Kast raises $80M at $600M valuation: Report
Kast raised $80 million to reach a $600 million valuation as it seeks funding to build more efficient stablecoin-based banking rails, Bloomberg reported.
Stablecoin payments company Kast has raised $80 million in a new funding round that valued the company at $600 million, Bloomberg reported 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.