Fasset reaches $1 billion valuation after $68 million funding round

Fintech company Fasset has achieved unicorn status following a $68 million Series C funding round led by Japan’s SBI Group. This latest investment brings the company’s total capital raised in 2026 to $119 million, with total funding since its 2019 founding exceeding $150 million.

Fasset, which focuses on stablecoin-based financial infrastructure, plans to use the new capital to expand its Own Network. This infrastructure connects banks, telecom companies, and payment providers across international markets. The company also intends to increase investment in artificial intelligence for payment routing, stablecoin settlement, and tokenized assets.

Headquartered in Los Angeles with significant operations in Dubai, Fasset currently supports over 3 million wallets and serves more than 1,000 enterprises across 125 countries. The platform processes more than $40 billion in annualized transaction volume.