Stablecoin payments startup Kast raise $80M at $600M valuation to expand globally
Kast, one startup wey dey focus on stablecoin payments and neobanking, don close $80 million funding round wey value the company at $600 million. The round bin co-led by QED Investors and Left Lane Capital. Kast dey project say their 2025 revenue run-rate go near $100 million and dem talk say dem go use the money to expand payments infrastructure across North America, Latin America and the Middle East, hire staff, secure regulatory licenses and develop new products — including savings and remittance services — inside their digital banking interface. Kast don dey offer USD-denominated accounts and payment cards to users for more than 150 countries. The raise show say investors still get appetite for stablecoin payments firms amid strong stablecoin activity: Allium report record $1.8 trillion stablecoin transfer volume for February, led by USDC and USDT. Kast before now raise $10 million seed round led by HongShan Capital Group (HSG) and Peak XV Partners.
Bullish
Di fundin an di plan for growth na beta signal for stablecoin use an for adoption of payment rails. For di stablecoins wey dem mention (USDC an USDT), di news bi small bullish: more infrastructure an expansion na merchants/on‑ramps dey usually increase transaction demand an on‑chain transfer volumes over time, wey go support stablecoin use an liquidity. Short term di direct price effect for USDC/USDT limited since dem pegged assets; but if transaction volumes rise e fit raise market activity an fees wey platforms wey dey service these tokens fit capture. Medium-to-long term, better payments infrastructure an regulatory licensing fit broaden stablecoin use cases (remittances, savings, card rails), reinforce demand an transactional flow. Risks wey fit cool di bullish view include regulatory scrutiny of stablecoins an execution risk for new markets; these fit slow adoption or add compliance costs but no go directly undermine peg stability.