Fasset Becomes a $1 Billion Unicorn After $68M SBI-Led Series C

Mohammad Raafi Hossain and Daniel Ahmed, Fasset co-founders

Fasset has raised $68 million in Series C funding at a $1 billion valuation, led by Japan’s SBI Group. The round brings Fasset’s total capital raised in 2026 to $119 million and will accelerate the expansion of Own Network, its AI-powered stablecoin infrastructure connecting more than 100 banking corridors across 125 countries.

How Did Fasset Reach Unicorn Status in 2026?

AI-powered stablecoin neobanking platform Fasset has raised $68 million in Series C funding at a $1 billion valuation, officially joining the global fintech unicorn club.

The round was led by SBI Group, one of Japan’s largest financial conglomerates, following Fasset’s $51 million Series B financing in May 2026, which brought Speedinvest and other strategic investors onto its cap table.

With the latest investment, Fasset has raised a total of $119 million in 2026, underscoring growing investor confidence in the convergence of stablecoins, AI-driven financial infrastructure, and cross-border payments.

The new capital will be used to expand Own Network, Fasset’s regulated financial infrastructure platform, and accelerate investments in agentic AI systems, stablecoin settlement rails, and tokenized asset infrastructure.

Why Did SBI Group Lead Fasset’s Series C Round?

According to Yoshitaka Kitao, Representative Director, Chairman, President, and CEO of SBI Holdings, the investment aligns with SBI Group’s vision of creating an Asia-Pacific Digital Economic Zone powered by digital finance and blockchain-based settlement systems.

SBI Group operates across banking, securities, asset management, and private equity, with investments in major digital asset companies including Ripple, Circle, Morpho, and group company B2C2.

The partnership strengthens Fasset’s access to SBI’s broader financial ecosystem, including its previously announced collaboration with SBI Remit, which supports bank-account remittances to approximately 200 countries.

Key Strategic Benefits of the Partnership

• Expansion of stablecoin-powered remittance infrastructure
• Greater access to SBI Group’s banking and financial network
• Acceleration of cross-border settlement capabilities
• Support for digital asset adoption across Asia-Pacific, the Middle East, and Africa
• Enhanced connectivity between traditional finance and on-chain financial systems

What Is Own Network and Why Does It Matter?

At the core of Fasset’s strategy is Own Network, a regulated financial infrastructure layer designed to connect fragmented financial systems globally.

The platform links:

• Banks
• Payment providers
• Telecommunications operators
• Liquidity providers
• Custody partners
• Settlement networks
• Financial institutions

Own Network currently supports more than 100 banking corridors, enabling businesses and consumers to move value across international markets more efficiently.

Unlike many crypto-native solutions, Fasset positions stablecoins as settlement infrastructure rather than consumer-facing products. Users interact through regulated financial accounts and services while the stablecoin layer operates in the background.

How Is Fasset Using AI to Transform Cross-Border Banking?

Fasset is increasingly integrating agentic AI systems into its financial infrastructure stack.

The company uses artificial intelligence to dynamically optimize:

AI Optimization Area	Purpose
Payment Rail Selection	Route transactions through the most efficient network
Currency Conversion	Reduce costs and improve settlement efficiency
Liquidity Management	Match transactions with available liquidity sources
Settlement Routing	Improve transaction speed and reliability
Corridor Banking	Enhance cross-border payment execution across markets

According to Fasset, AI evaluates variables such as cost, speed, liquidity availability, and network accessibility to determine the most efficient transaction path.

CEO and Co-Founder Mohammad Raafi Hossain described the company's long-term objective as enabling “any-to-any banking”—allowing any person, asset, or payment rail to connect globally regardless of geographic limitations.

What Scale Has Fasset Achieved Before Its Unicorn Milestone?

Fasset’s growth metrics highlight the scale of its infrastructure business.

Metric	Scale
Series C Funding	$68 million
Valuation	$1 billion
Total Raised in 2026	$119 million
Annualized Transaction Volume	More than $40 billion
Wallets Served	More than 3 million
Countries Reached	125
Banking Corridors	More than 100
Enterprise Customers	More than 1,000

The company says its consumer, business, and institutional offerings are supported by a regulatory footprint spanning the GCC, Asia, Europe, and other international markets.

Why Are Investors Betting on Stablecoin Infrastructure?

Investor interest in stablecoin infrastructure has accelerated as financial institutions seek faster and lower-cost methods for international settlement.

Unlike traditional correspondent banking networks, blockchain-based settlement systems can operate continuously, reduce intermediary costs, and improve transaction transparency.

For investors such as SBI Group and Speedinvest, Fasset represents a platform positioned at the intersection of several high-growth sectors:

• Stablecoin payments
• Digital asset infrastructure
• AI-powered financial services
• Cross-border remittances
• Embedded finance
• Tokenized assets

Speedinvest General Partner Stefan Klestil said the company is building regulated infrastructure that expands access to stablecoins, global assets, and cross-border financial rails for individuals and businesses in growth markets.

What’s Next for Fasset?

Following its $1 billion valuation, Fasset plans to deepen investment across its infrastructure stack, including regulatory licenses, AI-enabled payment orchestration, stablecoin settlement systems, and tokenized asset access.

With more than $40 billion in annualized transaction volume, 3 million wallets, and operations spanning 125 countries, the company is positioning itself as a global financial infrastructure provider rather than a conventional neobank.

As stablecoin adoption expands and financial institutions increasingly explore blockchain-based settlement, Fasset’s next phase of growth will focus on scaling regulated access to global assets and cross-border financial services through a single AI-powered financial account.

 

 

FAQs

1. What is Fasset?
Fasset is an AI-powered stablecoin neobanking platform that enables users and businesses to receive, hold, move, spend, and invest across multiple currencies, markets, and asset classes through regulated financial infrastructure.

2. How much funding has Fasset raised?
Fasset raised $68 million in Series C funding in 2026, following a $51 million Series B round earlier in the year. The company has raised a total of $119 million during 2026.

3. Who led Fasset’s Series C funding round?
The Series C round was led by SBI Group, a Japanese financial services conglomerate with operations spanning banking, securities, asset management, and private equity.

4. What is Own Network?
Own Network is Fasset’s regulated financial infrastructure platform connecting banks, payment providers, telcos, liquidity providers, custody partners, and settlement networks across more than 100 banking corridors worldwide.

5. How large is Fasset’s business today?
Fasset processes more than $40 billion in annualized transaction volume, serves over 3 million wallets, operates across 125 countries, and supports more than 1,000 enterprise customers globally.