Fasset Hits Stunning $1B Valuation After SBI’s Bold $68M Investment

TL;DR

• Fasset raised $68 million in an SBI-led round at a $1 billion valuation, bringing 2026 funding to $119 million after May’s $51 million raise.
• Hossain said revenue grew sixfold year over year, Fasset stayed profitable for 12 months, and annualized transaction volume exceeds $40 billion across 125 countries.
• The investment deepens SBI ties while funding OWN Network and AI expansion for payments, routing and stablecoin settlement across key emerging markets.

Fasset has reached a $1 billion valuation after raising $68 million in a funding round led by Japan’s SBI Group, marking a sharp step up just three months after its previous financing. The stablecoin-focused banking platform has now raised $119 million this year, following a $51 million round in May. The striking part is how quickly Fasset has paired capital formation with business growth. CEO Mohammad Raafi Hossain said revenue has increased roughly sixfold year over year and the company has remained profitable for 12 consecutive months, although revenue and profit figures were not disclosed.

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