Fasset hits $1B valuation after $68M SBI round

Stablecoin neobank Fasset raised $68 million in a Series C funding round led by Japan’s SBI Group, reaching a private valuation of $1 billion on Aug. 24. Summary Fasset raised $68 million in a Series C round led by Japan’s SBI Group Monday. The financing valued Fasset at $1 billion and lifted its 2026 fundraising to $119 million. Fasset says annualized transaction volume exceeds $40 billion across customers operating in 125 countries worldwide. Chief executive Mohammad Raafi Hossain said revenue grew sixfold while profitability continued for twelve months. Fasset’s Own Network connects financial institutions across more than 100 banking corridors using stablecoin settlement. The financing follows the company’s $51 million Series B round in May. Fasset has now raised $119 million during 2026 as it expands stablecoin payment, banking and settlement services across emerging markets. Early investor Speedinvest and other strategic investors participated in the latest round, according to the report. Speedinvest’s updated portfolio also identifies the financing as a $68 million Series C led by SBI. Opportunity shouldn’t depend on where you were born or where you can go. Opportunity should...