Stablecoin Neobank Fasset Reaches $1 Billion Valuation With SBI-Led Round
Fasset raised $68 million in a Series C round led by Japan's SBI Group, reaching a $1 billion valuation as it expands stablecoin-based cross-border payments.
AfroEuropa Newsroom
AfroEuropa desk
Fasset, a neobank focused on stablecoins, has reached a valuation of $1 billion after closing a $68 million Series C funding round led by Japan's SBI Group, according to reporting from BitKE and CoinDesk.
The round brings the company's total capital raised in 2026 to $119 million. Fasset said its revenue has increased six-fold as demand for stablecoin-based payments and settlement has grown. CoinDesk reported that CEO Mohammad Raafi Hossain confirmed the revenue growth and the size of the raise.
The company operates in more than 125 countries and reports over 2 million wallets. Its network links more than 50 banking and payment corridors across 16 blockchain networks, positioning stablecoins as infrastructure for faster international money transfers.
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