Fasset has announced it has raised $68 million in Series C funding at a $1 billion valuation, led by SBI Group. The financing follows Fasset's $51 million Series B earlier this year and brings total funding raised in 2026 to $119 million. Fasset now processes more than $40 billion in annualized transaction volume, serving 3 million+ wallets and more than 1,000 enterprises across 125 countries.
Fasset raises $68M Series C at $1B valuation led by SBI Group.
Total 2026 funding reaches $119M following $51M Series B.
Processes $40B+ annualized transaction volume.
Serves 3M+ wallets and 1,000+ enterprises across 125 countries.
Capital will expand Own Network and deepen AI across stablecoin settlement.
SBI Group invests across banking, securities, asset management, and private equity.
Fasset provides financial access that allows customers to receive, hold, move, spend, and invest across currencies, markets, and asset classes. Underpinning those products is Own Network, Fasset's financial infrastructure connecting local banking systems, payment providers, financial institutions, telcos, liquidity providers, custody partners, and settlement networks across more than 100 banking corridors. Stablecoins are used within parts of the network as settlement infrastructure, allowing value to move between markets more efficiently. The company uses AI to improve how transactions are routed across payment rails, currencies, liquidity providers, and settlement methods based on cost, speed, and availability.
"Fasset's vision of a world in which money moves across borders as easily as information does point in the same direction as the on-chain economic zone that the SBI Group seeks to realize through digital finance. Fasset has already built a strong business foundation and a robust regulatory framework in a number of emerging markets with significant long-term growth potential," said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings, Inc.
"The next phase is about any-to-any banking. Any person to any person. Any asset to any asset. Any rail to any rail, anywhere. We built Fasset to address a simple problem: access to financial opportunity still depends too heavily on where someone lives and the financial system available to them," said Mohammad Raafi Hossain, Co-Founder and CEO of Fasset. "The banking system is broken. It's not enough to build another financial front on current rails. We are investing deeper into the stack, from licenses in emerging markets to enabling agentic payments, to rebuild the way we do banking from the ground up."
About Fasset
Fasset is an AI-powered stablecoin neobanking platform building a global financial system around ownership. Its financial account enables individuals, businesses, and institutions to receive, hold, move, spend, and invest across currencies, markets, and asset classes from one place. Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised more than $150 million in funding and serves customers across more than 125 countries through regulated entities and partnerships across the GCC, Asia, Europe, and other international markets.
