Karsa (YC W25) — Stablecoin neobank for emerging markets
Karsa is a stablecoin neobank for over 100M people in emerging markets. We enable people to buy dollar-denominated stablecoins, save money in US bank accounts, and spend anywhere with a Visa card.
Karsa is a Y Combinator company in the Winter 2025 batch. Its directory entry describes it as: Stablecoin neobank for emerging markets. The founders listed are Shahryar Hasnani (Founder/CEO), Dale Wilson (Founder/CTO) (Y Combinator directory entry, January 20, 2025).
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Example from a real report (our sample on Target): “The Q2 2026 earnings report, published August 19, 2026, showed adjusted EPS of $2.46 against an expected $2.33” Source: CNBC
Karsa is a stablecoin neobank for over 100M people in emerging markets. We enable people to buy dollar-denominated stablecoins, save money in US bank accounts, and spend anywhere with a Visa card.
Shahryar Hasnani
Founder/CEO
Enabling the 1B+ people in emerging markets to save in stablecoins and protect against currency instability. Previously head of BD at Ethereum infrastructure startup.
Dale Wilson
Founder/CTO
Enabling the 1B+ people in emerging markets to save in stablecoins and protect against currency instability. Previously protocol development lead at a layer 1 AI Blockchain.
Founders, titles and bios as the company published them. Photographs are our own copies of the ones on that record, so they do not break when the original link expires.
No investor is drawn from a Form D — the form states how many invested and never who. The one investor on this graph is named because a batch has exactly one.
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Example from a real report (our sample on Target): “The Q2 2026 earnings report, published August 19, 2026, showed adjusted EPS of $2.46 against an expected $2.33” Source: CNBC
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The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
Sources
8 cited sources found
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