Fasset
United States · Fintech · AI · Consumer
Fasset provides stablecoin-based banking, payments and investment services for individuals and businesses across emerging markets.
Product
Fasset provides digital banking, payments and investment services to individuals and businesses across emerging markets. Founded by Mohammad Raafi Hossain and Daniel Ahmed in 2019, the company uses stablecoins and blockchain infrastructure to support cross-border transfers and access to financial assets.
Its Own Network connects banks, payment companies, telecom operators and other financial institutions. The infrastructure links local banking corridors with digital-asset services, giving customers routes to move and hold value across markets.
Fasset is developing SME lending and trade-finance products alongside its payment and custody infrastructure. Its expansion spans markets in Asia, Africa and the Middle East.
Funding history
2 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series C | $68M | SBI Group — Role not disclosedSpeedinvest — Role not disclosed | |
| Series B | $51M | Arz Portföy — ParticipantInvestcorp — ParticipantSBI Group — Participant |