Draft:KAST
Submission declined on 23 April 2026 by ChrysGalley (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
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Comment: A crypto company with barely a year of trading is highly unlikely to meet the requirement for corporate depth, it's borderline Reject territory. See WP:SIRS and the two sections below on corporate depth and corporate trivia. One source, coindesk, should not be used at all, it's not reliable. Funding/unicorn is totally corporate trivia, which just leaves Stabledash. In content it's heading towards corporate depth, but the source is at best a promotional platform, it's some way from being the Financial Times or Wall Street Journal. ChrysGalley (talk) 09:42, 23 April 2026 (UTC)
Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. JWStorry (talk) 09:30, 23 April 2026 (UTC)
KAST is a financial services technology company. It was founded in 2024 by Raagulan Pathy, a former executive at Circle. The company develops financial services using stablecoins. It has been described as a “stablecoin neobank” by industry publications.[1].
The company offers consumer and business financial services using stablecoins, including payments and cross-border transactions.
History
In January 2025, KAST raised an initial $10 million seed round at a valuation that was described as approximately $100 million[2].
In March 2026, the company raised an $80 million Series A funding round[3]. The funding was reported to support expansion, hiring, licensing and product development[4]. At the time of the raise it was reported that KAST has more than 1 million users and processes $5 billion annualised transaction volumes[5]
References
- ^ Fowler, Zach (2025-10-27). "Building a Global Bank on Stablecoin Rails: KAST". Stabledash. Retrieved 2026-04-23.
- ^ Thompson, Sarah; Sood, Kanika; Rapaport, Emma (2024-12-11). "Mark Carnegie, HongShan back $US100m crypto neobank". Australian Financial Review. Retrieved 2026-04-23.
- ^ "Stablecoin payments platform KAST raises $80 million Series A at $600 million valuation". www.coindesk.com. Retrieved 2026-04-23.
- ^ Ryan, Weeks; Ghosh, Suvashree. "Stablecoin Payments Firm KAST Raises $80 Million in Funding". Bloomberg.
- ^ RapaportCo-editor, Emma; Talk, Street (2026-03-10). "Australia's next tech unicorn is a cryptocurrency player". Australian Financial Review. Retrieved 2026-04-23.
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