Fasset Raises $68 Million Series C and Reaches a $1 Billion Valuation

Fasset, a fintech based in the UAE, announced a $68 million Series C round in late August 2026, led by Japan’s SBI Group, with a reported valuation of $1 billion, which makes it a “unicorn”, according to AGBI. The valuation and other figures below come from the company’s announcements and have not been independently verified.

The round

• $68 million Series C, led by SBI Group, with Speedinvest among the investors.
• This follows a $51 million Series B in May 2026, which takes the reported total for the year to about $119 million.
• The company says the money will go to AI-enabled systems for corridor banking, stablecoin settlement and tokenised-asset infrastructure.

What the company does

Fasset describes itself as an AI-powered stablecoin neobanking platform offering remittance, settlement, banking and investment services using stablecoins and other digital assets. It was founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, and launched an assets exchange in the UAE in 2024 (Enterprise).

Company-reported scale

Fasset says it processes more than $40 billion in annualised transaction volume and serves more than 3 million wallets in 125 countries and more than 1,000 enterprises. We have not seen audited figures for these numbers.

What to keep in mind

A valuation is set by investors in a private round and is not a market price. Regulatory permissions for digital-asset services differ by jurisdiction; check the company’s licences with the relevant regulators before using its services. This article is not financial advice.