Fasset Raises $68M Series C at $1B Valuation

Fasset, a Los Angeles-based AI-powered stablecoin neobanking platform, has raised $68 million in Series C funding, reaching a $1 billion valuation. This latest round brings the company's total funding in 2026 to $119 million and marks its entry into the global fintech unicorn category.

Investors

The funding round was led by SBI Group, a prominent Japanese financial services conglomerate.

Fasset Use of Funds

Fasset plans to use the new capital to expand its Own Network, a regulated financial infrastructure that connects banks, telcos, and payment providers to facilitate international market settlement. Additionally, the company will deepen investments in agentic AI-enabled systems designed to support corridor banking, stablecoin settlement, and tokenized asset infrastructure.

About Fasset

Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset provides a global financial platform that allows individuals, businesses, and institutions to receive, hold, move, spend, and invest across various currencies and asset classes. The company aims to replace outdated financial infrastructure with a system where access to global markets is not limited by geography.

Funding Details

Company Website: https://fasset.com

Company: Fasset
Raised: $68M
Round: Series C
Funding Date: August 2026
Lead Investor: SBI Group
Software Category: Fintech
Source: https://www.businesswire.com/news/home/20260823503947/en/Fasset-Hits-%241B-Valuation-as-SBI-Group-Leads-%2468M-Series-C-to-Scale-AI-Powered-Stablecoin-Neobanking