Performances
RD Popularity Index
RD Growth Index
Comparison
Follow Updates
Follow Lists
People
About Karsa
Karsa is a stablecoin neobank for emerging markets, offering dollar accounts, a virtual US bank account and cards, funded through local payment methods and held in dollar stablecoins. Behind it runs a network of verified peer-to-peer suppliers: a seller sets a price and locks funds in an escrow contract, a buyer is matched against those terms and sends local-currency payment to the seller's account with proof uploaded, and after Karsa verifies the payment and handles disputes the equivalent stablecoins are released into a self-custody wallet created for the buyer, sidestepping local bank onboarding and capital controls.
Accounts receive funds over ACH, Wire, SWIFT and SEPA, hold USD, EUR, GBP and USDT balances, pay out to more than 80 countries and spend through a virtual Visa card; the fiat and compliance rails run through Serai, a US money services business registered with FinCEN. The published fee is about 1% per transaction and funds stay in the user's own wallet. Third-party store data shows more than 10,000 Android installs, with App Store ratings of 3.4 from 27 reviews and Google Play at 3.3 from 110 reviews in October 2026.
Karsa launched a Pakistan-specific USD account in early 2026, combining local bank rails, stablecoin conversion and local withdrawals so users can cash out USDT/USDC in rupees, alongside a virtual USD account and a Visa card for cross-border collection and spending.
Karsa's payout and collection network reaches more than 80 countries through ACH, Wire, SWIFT, SEPA and stablecoin deposits, with merchant liquidity in Pakistan, India, Nigeria, Kenya and Paraguay; the Android app has passed 10,000 installs.
Karsa's roadmap covers local bank accounts in Europe, US Treasury yield on dollar balances, and more clearing corridors across the Middle East and Southeast Asia, plus a wider merchant-side stablecoin supply network.
Shahryar Hasnani — Co-founder & CEO; studied economics at Northwestern and previously headed BD at an Ethereum infrastructure startup; founded Karsa in 2025 and joined Y Combinator W25.
Dale Wilson — Co-founder & CTO; former protocol development lead at a Layer 1 AI blockchain; oversees Karsa technology and protocol architecture.