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Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking
The stablecoin neobank said the new capital will expand its payment network and AI routing systems across emerging markets.
- On Monday, Fasset, a stablecoin neobank, raised $68 million in a Series C funding round led by Japan's SBI Group, reaching a $1 billion private valuation.
- This financing follows Fasset's $51 million Series B round in May, bringing total 2026 funding to $119 million as the company expands stablecoin services across emerging markets.
- CEO Mohammad Raafi Hossain reported that revenue has grown approximately sixfold year-over-year, with the company remaining profitable for 12 consecutive months while operating Own Network.
- Fasset plans to develop artificial intelligence routing systems and expand Own Network across more than 100 banking corridors, leveraging access to roughly 470,000 remittance locations globally.
- Together with SBI Group, Fasset intends to connect additional financial corridors across Japan and Asia, though stablecoin providers face competition from banks and card networks seeking to reduce remittance costs.
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Fasset raises $68M Series C at $1B valuation to scale AI-powered stablecoin banking - Tech Startups
Fasset has raised $68 million in Series C funding at a $1 billion valuation, pushing the stablecoin neobanking startup into unicorn territory just months after closing its previous round. Japan’s SBI Group led the financing. The deal follows Fasset’s $51 […] The post Fasset raises $68M Series C at $1B valuation to scale AI-powered stablecoin banking first appeared on Tech Startups.
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Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
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62% Center
13%
C 62%
R 25%
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