Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking
aiinsider ·
Fasset, an AI-powered stablecoin neobanking platform, announced a $68 million Series C round at a $1 billion valuation, led by Japan's SBI Group. This follows a $51 million Series B earlier in 2026, bringing Fasset's total funding for the year to $119 million and more than $150 million overall. The funding will support expansion of Own Network, Fasset's regulated financial infrastructure connecting banks, telcos, payment and liquidity providers across more than 100 banking corridors. It will also increase investment in agentic AI systems for corridor banking, stablecoin settlement, and tokenized asset infrastructure. Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset now processes over $40 billion in annualized transaction volume and serves more than three million wallets across 125 countries and over 1,000 enterprises. SBI Group's CEO said the investment supports the firm's vision of an on-chain economic zone and international remittance infrastructure built on stablecoins. Fasset's CEO said the company aims to rebuild banking from the ground up, making access to financial opportunity less dependent on geography.
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