Kast is a fintech company building a borderless, stablecoin-native financial platform that bridges crypto and traditional banking. Its mission is to make digital dollars usable for everyday life, allowing users to store, earn yield on, move, and spend stablecoins across borders without the friction of conventional cross-border banking. Kast describes itself as a financial technology company that partners with licensed and regulated institutions rather than operating as a bank itself.
The platform provides virtual US and EU bank accounts accessible from more than 170 countries, giving global users dollar- and euro-denominated accounts that would otherwise be hard to obtain. On the spending side, Kast issues VISA cards accepted at over 150 million merchants worldwide and offers up to 3% USD cashback on card purchases, turning stablecoin balances into practical, real-world spending power. Users can also earn up to 7% APY on their stablecoin holdings through risk-adjusted vaults, and move money across borders in stablecoins, fiat, or crypto.
Kast's target audience is the growing population of global workers, freelancers, digital nomads, and crypto users who are paid or hold value in stablecoins and want seamless access to traditional spending rails. As stablecoins move into mainstream payments adoption in 2025 and 2026, Kast positions itself at the intersection of crypto-native infrastructure and consumer fintech, competing with both neobanks and crypto card providers. Its expansion roadmap includes Kast Business, a product for cross-border spending and payroll, and new markets across Southeast Asia and Latin America.
Kast raised an $80 million Series A that valued the company at roughly $600 million, in a round led by QED Investors and Left Lane Capital. The capital funds product expansion, including the business and payroll offering, geographic growth into high-demand emerging markets, and deeper investment in compliance and regulated banking partnerships needed to scale a global stablecoin spending network.