UAE-based fintech Fasset has raised $68 million in a Series C round led by Japan’s SBI Group and joined by Speedinvest, valuing the company at $1 billion and marking its entry into unicorn status.
Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset operates an AI-powered stablecoin neobanking platform that enables individuals, businesses and institutions to receive, hold, transfer, spend and invest across currencies and asset classes.
The round follows Fasset’s $51 million Series B in May 2026, bringing its total funding raised this year to $119 million and total funding since inception to over $150 million.
The new capital will support the expansion of Own Network, Fasset’s regulated financial infrastructure connecting banks, telecom operators, payment and liquidity providers across more than 100 banking corridors, as well as further investment in agentic AI, stablecoin settlement and tokenised asset infrastructure.
Fasset says it now processes more than $40 billion in annualised transaction volume, serving more than 3 million wallets across 125 countries and over 1,000 enterprises globally.
