Fasset reaches $1B valuation after a $68M Series C led by SBI Group, processing $40B in annualized stablecoin transaction volume across 125

The firm raised $68 million as its revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.

Stablecoin neobank Fasset raises $51M Series B at $1.05B valuation with SBI Group backing, processing $32B annually across 125 countries.