Fasset Series B Funding Round
Fasset, a digital bank utilizing stablecoins and blockchain technology, secured $51 million in Series B funding to expand its financial services across emerging markets.
Aggregated from 5 sources · Updated 31 Jul 2026, 04:05 UTC (UTC)
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Facts (10)
- Established
Fasset raised $51 million in a Series B funding round announced in May 2026.
- Established
The funding round included participation from SBI Group, Investcorp, and Arz Portföy.
- Established
Fasset provides Shariah-compliant digital banking and investment services focused on stablecoins and tokenized real-world assets.
- Established
The company maintains an annualized transaction volume exceeding $32 billion.
- Established
Fasset serves approximately two million individual users and over 1,000 small and medium-sized businesses.
- Established
The company operates in 125 countries, focusing on corridors between Asia, Africa, and the Middle East.
- Emerging
Funding will be used to grow 'Own Network,' an AI-enabled infrastructure layer for payments and stablecoin custody.
- Emerging
Fasset previously completed a $22 million Series A funding round in the second quarter of 2022.
- Emerging
The company is headquartered in the United States and maintains regulatory approvals in jurisdictions including the UAE, Indonesia, and Malaysia.
- Attribution
CEO Mohammad Raafi Hossain stated the funds will help users in emerging markets access global financial tools with equal ease to those in developed financial hubs.