SBI Group Leads Fasset’s $68 Million Raise, Valuing Firm at $1 Billion

Fasset, a financial technology company, has raised $68 million in Series C funding led by SBI Group. This brings Fasset's total funding for 2026 to $119 million and values the company at $1 billion. The new capital will be used to expand OWN Network, Fasset's proprietary Ethereum layer-2 infrastructure, and its artificial intelligence systems for transaction routing.

According to CEO Mohammad Raafi Hossain, stablecoins provide a settlement rail underneath the platform, allowing customers to interact with them at multiple points. This growth marks a significant milestone for emerging-markets fintech firms, valuing Fasset at $1 billion in a private transaction.

Fasset has reported revenue growth of sixfold year over year and has been profitable for 12 consecutive months. The company plans to expand its OWN Network, which links more than 100 banking corridors worldwide, using AI to improve transaction routing across payment rails, currencies, liquidity providers, and settlement methods.