Stablecoin-Powered Neobank Fasset Raises $51 Million to Expand in Emerging Markets
Fasset is a digital bank built around stablecoins and blockchain payment rails. It provides Sharia-compliant accounts, investments and cross-border payment services in underserved markets across Asia, Africa and the Middle East. Its model can reduce remittance costs and settlement times, reflecting stablecoins’ shift from crypto trading instruments to everyday financial infrastructure.
Fasset said on May 14, 2026, that it had raised $51 million in Series B funding from investors including Japan’s SBI Group, Investcorp and Türkiye’s Arz Portföy. The proceeds will support market expansion, the development of small and medium-sized enterprise lending and trade finance, and the growth of Own Network. The platform spans 125 countries and more than 50 payment corridors, processes over $32 billion in annualized transaction volume and serves more than 1,000 SMEs.
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The history behind this eventSBI-Led Round Lifts Fasset to $1 Billion Valuation
Fasset is a stablecoin-focused neobank and payments platform targeting cross-border transactions, settlement and digital-asset services. Its backing from Japanese financial group SBI signals growing interest from established Asian institutions in stablecoin infrastructure as tokenised money moves closer to mainstream finance. The investment also gives Fasset a strategic partner for expanding regulated payment links between Japan and other Asian markets.
Fasset raised $68 million in a Series C round led by SBI Group, lifting the company’s valuation to $1 billion and giving it unicorn status. The company plans to use the capital to expand its payments push, including cross-border services in Japan and across Asia. Fasset’s chief executive said revenue had increased sixfold as demand for stablecoin-based payments and settlement accelerated, though the company did not disclose an exact revenue figure.
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