Fasset Valuation Hits $1 Billion After $68 Million SBI-Led Funding Round

Fasset, a stablecoin neobank, has reached a private valuation of $1 billion after completing its Series C funding round led by SBI Group.

The round raised $68 million and brings Fasset's total fundraising for this year to $119 million, with investors showing sustained appetite for crypto-powered financial infrastructure in emerging markets.

Fasset's pitch is based on scale: a payments network spanning 125 countries and processing over $40 billion annually, more than most mid-sized banks. The company claims sixfold year-on-year revenue growth and twelve consecutive months of profitability.