Published • loading... • Updated
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, August 24, 2026, stablecoin neobank Fasset 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 capital to $119 million as the company expands stablecoin services across emerging markets.
- CEO Mohammad Raafi Hossain reported revenue has grown approximately sixfold year-over-year, with the company maintaining profitability for 12 consecutive months while operating Own Network technology.
- Fasset plans to develop AI routing systems and expand Own Network across more than 100 banking corridors, leveraging access to approximately 470,000 remittance locations through its SBI partnership.
- Together with SBI Group, Fasset intends to connect additional financial corridors across Japan and Asia while competing against banks and card networks in the emerging stablecoin payments market.
Insights by Ground AI
36 Articles
36 Articles
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.
Enid News & EagleReposted by 
pmg-ky3.com
pmg-ky3.comLOS ANGELES--(BUSINESS WIRE)--Aug 24, 2026-
Coverage Details
Total News Sources36
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
Factuality
To view factuality data please Upgrade to Premium
