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- Kast
Kast Revenue, Valuation, Funding & Investors
Kast is valued at $600M as of March 2026.
Last Kast valuation
$600M
Series A · Mar 2026
Last Kast funding round
$80M
Series A · Mar 2026
Kast revenue
$100M
Seed · Dec 2024
Key investors in Kast
Peak XV Partners
HSG
DST Global
Goodwater Capital
Left Lane Capital
QED
About Kast
Kast is a stablecoin-based financial technology platform that offers a neobank-style experience, letting users hold USD-denominated accounts and make payments in more than 150 countries through traditional payment cards backed by blockchain infrastructure. The platform targets emerging markets and digital nomads facing limited access to US dollars, cross-border payments, or traditional banking infrastructure, and generates revenue through card interchange fees, subscriptions, and fiat-to-stablecoin transaction fees.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$100M (Dec 2024)
Valuation
$600M (Mar 2026)
Sectors
Kast Valuation
Kast is currently valued at $600M, based on its Series A in March 2026.
The $80M round was led by Left Lane Capital and QED, with participation from DST Global, HSG and Peak XV Partners.
Kast's valuation has moved from $600M at its seed round in December 2024 to $600M in March 2026, across 2 priced rounds.
Kast valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Series A | $600M | - |
| Dec 2024 | Seed | $600M | 6.0x |
Kast Revenue
Kast's latest recorded revenue is $100M, as of its seed round in December 2024. At a $600M valuation, that implies a 6.0x revenue multiple.
Kast revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2024 | $100M | $600M | 6.0x | Seed |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Kast Funding History
Kast has raised a total of $90M across 2 funding rounds.
Kast's first fundraising round was a $10M seed round in December 2024. The most recent completed round was a $80M Series A in March 2026.
Kast funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series A | Left Lane Capital (lead); QED (lead); DST Global; HSG; Peak XV Partners | $80M | $600M | - |
| Dec 2024 | Seed | HSG (lead); Peak XV Partners (lead); Goodwater Capital; DST Global | $10M | $600M | KAST is a stablecoin-powered financial technology platform that delivers a neobank-style experience, enabling users to hold USD-denominated accounts and make payments across 150+ countries. The platform allows seamless transactions through traditional payment cards while leveraging blockchain infrastructure, targeting emerging markets where access to USD and cross-border payment capabilities are limited. In December 2024, KAST closed a $10 million seed funding round led by HSG (HongShan Capital Group) and Peak XV Partners, with participation from DST Global, Goodwater Capital, and various angel investors including Alex Svanevik of Nansen.ai. By March 2026, KAST had progressed to a Series A funding round that raised $80 million at a $600 million valuation, demonstrating significant growth and investor confidence. The round was led by QED Investors and Left Lane Capital, with continued support from Peak XV Partners, HSG, and DST Global. The platform's rapid scaling reflects strong demand for stablecoin-based financial services, particularly among digital nomads and workers in markets with currency instability or limited banking infrastructure. |
Who has invested in Kast?
6 investors have backed Kast across its funding rounds, including Peak XV Partners, HSG, DST Global, Goodwater Capital, Left Lane Capital and QED.
Lead investors include Left Lane Capital, QED, HSG and Peak XV Partners.
Kast Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2024 | ||
| 2 | Lead | Dec 2024 | ||
| 2 | Lead | Dec 2024 | ||
| 1 | Lead | Mar 2026 | ||
This data is available for Pro users. Sign up to see all 6 Kast investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Kast
Kast has acquired 1 company to date.
Last acquisition by Kast was on November 21st 2024. Kast acquired Kaiju Labs for $2M.
Latest Acquisitions by Kast
| Description | Kaiju Labs is a studio enabling game developers to create Web3 games without blockchain expertise. The platform offers one-click player sign-ups and frictionless gameplay integration. Supporting Unity and Unreal Engine, it powers titles with on-chain economies for studios in Asia and North America since 2022. |
| HQ Country | |
| HQ City | Singapore |
| Deal Date | 21 Nov 2024 |
| Valuation | $2M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Kast acquisitions and their M&A valuation multiples. Start Free Trial | |
Kast Competitors
Kast competitors include listed companies like Nuveen Churchill Direct and Grenke, and private ones like Moonfare, Progcap, Thetanuts Finance and JIC Leasing Co.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $600M | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $180M | - | $606M | 8.8x | ||
| Private | - | - | $586M | - | ||
| Private | - | - | $620M | - | ||
| Publicly listed | $1.1B | $218M | $574M | 7.3x |
Kast Public Comps
Kast is still privately-owned, but its public comps include Nuveen Churchill Direct, Grenke, Jana Small Finance Bank, Velocity Financial, Credit Corp, BFF Bank, Heartland Group, eGuarantee, PennantPark Floating Rate and Bain Capital Specialty.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $180M | - | 9.1x | 8.8x | - | - | |||
| $1.1B | $218M | 5.3x | 7.3x | 27.3x | 41.2x | |||
| $350M | - | 2.3x | 1.9x | - | - | |||
| $312M | - | 22.8x | 23.9x | - | - | |||
| $416M | $140M | 2.3x | 2.3x | 6.9x | 6.8x | |||
| $436M | - | 2.5x | 2.4x | - | - | |||
| $187M | $36M | 4.3x | 3.6x | 22.4x | - | |||
| $71M | $34M | 6.2x | 6.1x | 13.2x | 12.4x | |||
This data is available for Pro users. Sign up to see all Kast competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kast
| When was Kast founded? | Kast was founded in 2023. |
| Where is Kast headquartered? | Kast is headquartered in Central African Republic. |
| Is Kast publicly listed? | No, Kast is a private, VC-backed company. |
| What is Kast's valuation? | Kast was last valued at $600M in its Series A in March 2026. |
| How much funding has Kast raised? | Kast has raised $90M across 2 funding rounds. |
| What was Kast's last funding round? | Kast's last funding round was a $80M Series A in March 2026, led by Left Lane Capital and QED. |
| Who are Kast's investors? | Kast's investors include DST Global, HSG, Peak XV Partners, Left Lane Capital, Goodwater Capital and QED. |
| What is Kast's revenue? | Kast's latest recorded revenue is $100M (December 2024). |
| What is Kast's revenue multiple? | Kast's latest valuation implies a 6.0x revenue multiple ($600M valuation on $100M of revenue). |
| Which companies are comparable to Kast? | Companies comparable to Kast include Moonfare, Progcap, Nuveen Churchill Direct, Thetanuts Finance, JIC Leasing Co and Grenke. |
| How many companies has Kast acquired? | Kast has acquired 1 company, including Kaiju Labs. |
| What was the largest acquisition by Kast? | The $2M acquisition of Kaiju Labs in November 2024 is the largest acquisition Kast has made to date. |
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