raagulanpathy@raagulanpathy
“To the dreamers”
Today we announce KAST has raised a US$80M Series A, co-led by QED and Left Lane.
We launched in July 2024, and initially there was no belief in my thesis that the biggest opportunity wasn’t stablecoins themselves, but building a global-first financial platform on top of stablecoins.
But one step at a time, this changed. Many individuals came into the pre-seed, and Peak XV and Hong Shan led the seed round. Now QED and Left Lane double down with conviction.
Yes it’s a historic day; for a company to go from zero to such a large raise in ~16 months is rare.
But for the people at KAST, the ones who I really need to thank for showing up 24x7 - it’s back to the grind.
We know the only thing that matters, is not flashy raises, but delivering an outstanding product and service to the billions of people who need it, and the customers who trust us everyday. We are not perfect, we are not even two years old, but god damn we try our absolute best.
My final points are to the dreamers and believers. Building KAST, the mission was simple, be the stable backbone to people’s financial life, so they can fly as high as they want.
KAST is built for the dreamers, and KAST is for believers who trusted us from very early. People like me, a simple dreamer.
KAST is so personal to me, because it came from 25 years of trying and failing in life. I built so many side projects, which never went anywhere. I tried so many startups, some which even scaled and then failed.
My parents are now in their late 70s, I thought they’d never see my succeed in the one thing I wanted to do the most, which was to build a generational company which made everyone proud - those who invest in KAST, work at KAST, and those who use KAST.
Whilst we are not there yet, in fact far far from it, I’m evidence that if you just stay crazy and keep believing, and keep rolling the dice… eventually, you might get the momentum for it to happen.
I believe KAST is in the fullness of time, a trillion dollar company for a billion+ people. I’ve never sold a share, and quite the opposite in 2025 kept buying in a lot more.
My conviction is infinite on this one.
People will think I’m stupid to go so deep.
I don’t care.
This is beyond money.
Thanks for all the incredible support.
Now back to work.
Peace ✌🏾
