Fasset Achieves Unicorn Status After Raising $68M in Series C Funding
Fasset, a stablecoin-powered neobank, has reached unicorn status with its latest funding round of $68 million led by Japan's SBI Group. This brings the company’s valuation to $1 billion and marks Fasset’s second major fundraising this year following a $51 million Series B in May. The firm now reports total capital raised at $119 million for 2026. Founded in 2019, Fasset operates across more than 125 countries with over three million user wallets and serves more than 1,000 enterprise clients. It processes annualized transaction volumes exceeding $40 billion. The Series C funds will be used to expand its regulated financial network called Own Network and invest in AI-driven systems for corridor banking and tokenized assets. SBI Group's chairman Yoshitaka Kitao praised Fasset’s potential as a global financial bridge, particularly between Japan and high-growth markets.
Topics: Funding Neobank Stablecoin Unicorn Status