Fasset raises $68M SBI-led round, reaching $1B valuation for stablecoin payments growth
Stablecoin neobank Fasset reached a $1 billion valuation after raising $68 million in a funding round led by SBI (SBI Group) [1] [2] [3].
CoinDesk reported that CEO Mohammad Raafi Hossain said Fasset’s revenue has grown six-fold, attributing the expansion to growth in stablecoin payments and settlement as the company’s payments push develops [1].
One report said Fasset’s 2026 funding totals $119 million after the $68 million SBI-led round, citing payment growth [2].
CoinoMedia reported that Fasset processes over $40 billion in annualized transaction volume across 125 countries [4].
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- 1Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments pushCoinDesk• Aug 24, 2026
- 2Fasset hits $1B valuation after $68M SBI roundcrypto.news• Aug 24, 2026
- 3Stablecoin Neobank Fasset Hits $1 Billion Valuation With SBI BackingTheCoinrise.com• Aug 24, 2026
- 4Fasset Reaches $1B Valuation After $68M SBI-Led FundingCoinoMedia• Aug 24, 2026
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