- KAST raises millions
- Stablecoin platform revolutionizes international money transfers
- Global financial accessibility transforms
Stablecoins: The New Financial Frontier
KAST, a Singapore-based fintech startup, has successfully raised $10 million in seed funding, aiming to transform international money transfers through stablecoins.
Led by HongSong Capital Group and Peak XV Partners, the investment signals growing confidence in cryptocurrency-based financial solutions that offer seamless cross-border transactions.
Breaking Down Barriers in Global Finance
The startup provides users a streamlined platform to spend, save, and receive money across 150 countries using stablecoins like USDT, USDC, and USDe. Boasting impressive market statistics—$170 billion in supply and $8.5 trillion transaction volume in Q2 2024—KAST targets individuals seeking alternatives to traditional banking, particularly remote workers and those navigating volatile local currencies.
From Virtual to Physical: A Seamless Experience
KAST’s innovative approach includes a three-minute account setup, virtual and physical card options compatible mobile wallets, plus support for over 100 million merchants globally.
The company’s future roadmap includes expanding remittance products designed to minimize direct interactions traditional financial systems, positioning themselves at the forefront of digital financial innovation.
