Fasset’s $1 billion valuation tells a bigger story than another fintech reaching unicorn status. The company says it is trusted by more than 2 million people across 125 countries, while its latest Series C announcement reports 3 million+ wallets, over 1,000 enterprise customers, more than 100 banking corridors, and over $40 billion in annualized transaction volume. Together, those figures show a business expanding across both consumer finance and the infrastructure moving money behind the scenes.
That expansion is now backed by a $68 million Series C led by SBI Group, arriving only three months after Fasset secured a $51 million Series B. The two rounds take its 2026 fundraising to $119 million, with total capital raised now exceeding $150 million. Fasset plans to direct the new funding toward Own Network, stablecoin settlement, corridor banking, tokenized assets, and agentic AI for financial routing.
Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset began by widening access to digital assets in markets where global banking and investment products can be harder to reach. Its product footprint now extends much further.
Consumers can hold stablecoins and global assets while using the Fasset Card to turn USDT into everyday Visa spending through Apple Pay or Google Pay. Through its collaboration with Tether, users can also earn up to 6% cashback in XAU₮, linking routine spending with tokenized gold rather than treating digital assets only as investments.
Fasset is building another layer for businesses. Its business platform combines multi-currency accounts, corporate cards, contractor payments, and treasury tools, while Own Network connects banks, payment providers, telcos, liquidity partners, custodians, and settlement systems across international corridors.
That broader architecture helps explain SBI’s interest. The Japanese financial group had already backed Fasset and connected SBI Remit with its infrastructure before leading the Series C.
Fasset’s next test is therefore less about adding another financial product. It is whether consumer payments, tokenized ownership, business banking, stablecoin settlement, and more than 100 corridors can operate as one coherent financial system without exposing the complexity underneath.
