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2 clusters · 14 sources · 1 days · First seen · Last updated

Fasset valuation and funding expansion

Overview

Fasset, a neobanking platform focused on stablecoins, has achieved a valuation of $1 billion after securing $68 million in Series C funding. The investment round was led by Japan’s SBI Group.

Fasset reports an annualized transaction volume exceeding $40 billion across 125 countries and has maintained profitability for 12 consecutive months. The company intends to use the new capital to expand its regulated Ethereum Layer-2 infrastructure, Own Network, and to increase investment in AI-enabled systems for tokenization and cross-border banking.

Through this funding, SBI Group aims to increase its stake in Fasset. The two organizations are also exploring the joint operation of a digital bank in Malaysia and collaboration on international remittance infrastructure via SBI Remit.

Entities

SBI Group · Fasset · SoftBank Group · OWN Network · Enter

Timeline

  1. 19 days ago

    [BUSINESS] 2 sources
    Enter and Fasset achieve unicorn status through new funding

    Enter, a Brazilian legal AI startup, and Fasset, a stablecoin-based neobank, have both reached unicorn valuations following significant new investment rounds.

  2. 19 days ago

    [BUSINESS] 12 sources
    Fasset reaches $1B valuation following $68M Series C led by SBI Group

    Stablecoin neobank Fasset has reached a $1 billion valuation after raising $68 million in a Series C round led by Japan’s SBI Group to expand its global payment infrastructure.

Sources

amodireito.com.br · bitcoinethereumnews.com · bitcoinke.io · blockchainreporter.net · blocktempo.com · brainstorm.itweb.co.za · cointelegraph.com · cryptoninjas.net · cryptonomist.ch · cryptopolitan.com · neweconomy.jp · spacemoney.com.br · startuppakistan.com.pk · techjuice.pk