Fasset Series C Funding Hits $1B Valuation After SBI-Led $68M Round
Stablecoin neobank Fasset has crossed a symbolic threshold that few emerging-markets fintech firms reach: a $1 billion private valuation. The milestone arrived on Aug. 24 after the completion of Fasset’s Series C funding round, a $68 million raise led by Japan’s SBI Group. For a company built around moving money through stablecoins in places traditional banks often overlook, the round marks a turning point in how investors are pricing crypto-powered financial infrastructure aimed at underserved markets.
Key takeaways
- Fasset raised $68 million in a Series C round led by Japan’s SBI Group, pushing its private valuation to $1 billion.
- The company’s total 2026 fundraising now stands at $119 million after an earlier $51 million Series B round in May.
- Fasset says its annualized transaction volume tops $40 billion across customers in 125 countries.
- CEO Mohammad Raafi Hossain reports sixfold year-on-year revenue growth and twelve straight months of profitability.
- Own Network, Fasset’s AI-driven Arbitrum-based settlement layer, links more than 100 banking corridors worldwide.
Fasset Raises $68 Million Series C Led by SBI Group
The headline number is simple: $68 million, funneled into Fasset through a Series C round that SBI Group led. That single transaction reshaped how the market values the company, lifting it into unicorn territory almost overnight.
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