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KAST raised $80 million at a valuation of $600 million
Payment company KAST, which works with stablecoins, closed a funding round at $80 million, raising its valuation to approximately $600 million, reports Bloomberg. The company expects its annual recurring revenue (ARR) to grow to ( million this year, driven by demand for digital dollar account services and dollar transactions via blockchain networks. Previously, on December 12, 2024, KAST raised ) million in a seed round led by HongShan and Peak XV to launch savings products, expand transfers, and develop infrastructure.