“Can a stablecoin-native neobank replace traditional banking infrastructure for globally-mobile consumers and crypto-first businesses by turning USDC/USDT into fully spendable, yieldable, borderless dollars?”
Founded in 2023 by former Circle APAC CEO Raagulan Pathy, KAST launched as a stablecoin-native neobank targeting the underbanked global citizen who wants USD accounts and Visa cards without a traditional bank. The core insight — that stablecoins can serve as the settlement rail for everyday spending — drove rapid growth to 1M+ users in ~18 months. In 2026, KAST expanded from consumer into KAST Business (multi-currency payouts, yield, virtual card programs) and KAST Cloud (cloud billing reseller using stablecoin payments), broadening from pure consumer fintech toward a financial OS for globally-mobile individuals and crypto-native businesses.
Kast discloses Third National as its sponsor bank, according to the Embedded Finance Index 2026.
Kast does not disclose a bank charter of its own; its banking services are provided through Third National.
Kast moves money over ACH, SWIFT, SEPA and Pix.
Kast's cards run on Visa.
Kast's crypto products run on Circle, Tempo, Fireblocks and BitGo.
Kast integrates with NetSuite.
The Embedded Finance Index 2026 maps 6 layers in Kast's stack: Money movement (ACH, SWIFT, SEPA and Pix); Card network (Visa); Sponsor bank (Third National); Crypto (Circle, Tempo, Fireblocks and BitGo); Accounting (NetSuite); Treasury (Gauntlet (institutional-grade yield vaults)).
Kast was founded by Raagulan Pathy and Daniel Bertoli and is founded in 2023, headquartered in Mutsamudu, Anjouan, Comoros (operational HQ; also registered in Seychelles and Cayman Islands).
Kast has raised $90M in total (latest round: Series A, May 2026).
Get a read on where your own stack stands against Kast and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.