Fasset Series B Funding Round
Fasset, a Sharia-compliant stablecoin neobank, has raised $51 million in a Series B funding round to expand its digital financial infrastructure across emerging markets.
Aggregated from 7 sources · Updated 25 Aug 2026, 03:03 UTC (UTC)
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Facts (10)
- Established
Fasset secured $51 million in a Series B funding round announced in May 2026.
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The funding round included participation from SBI Group, Investcorp, and Turkish investment firm Arz Portföy.
- Established
Fasset maintains offices in Dubai and Los Angeles, providing services across 125 countries.
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The company reported an annualized transaction volume of approximately $32 billion.
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Proceeds from the funding will be used to develop 'Own Network,' an AI-enabled financial infrastructure layer connecting banks, telcos, and payment companies.
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The platform serves over two million individual users and 1,000 small and medium-sized enterprise (SME) clients.
- Established
The platform provides Sharia-compliant investment services for digital and tokenized real-world assets.
- EmergingNiche Signal
Fasset previously raised $22 million in a Series A funding round that closed in Q2 2022.
- Emerging
Fasset recently partnered with Tether to develop a gold-backed Visa card and ATM services.
- Attribution
CEO Mohammad Raafi Hossain stated the funds will support expansion in the 'Morocco-to-Malaysia corridor' and new markets in Africa and the Americas.