Fasset has joined the global fintech unicorn club after raising $68 million in a Series C round led by Japan’s SBI Group, valuing the stablecoin-focused neobank at $1 billion.
The new funding comes just three months after Fasset raised $51 million in Series B, taking the company’s total fundraising for 2026 to $119 million.
The company says it now processes more than $40 billion in annualized transaction volume, serves more than 3 million wallets and works with over 1,000 enterprises across 125 countries.
"Fasset's vision of a world in which money moves across borders as easily as information does points in the same direction as the on-chain economic zone that the SBI Group seeks to realize through digital finance. Fasset has already built a strong business foundation and a robust regulatory framework in a number of emerging markets with significant long-term growth potential. It was therefore in the conviction that Fasset can serve as an important financial bridge connecting Japan with high-growth markets around the world that we decided to lead this round. Within the SBI Group's "SBI APAC Digital Economic Zone" concept as well, an international remittance and settlement infrastructure built on stablecoins is a core component. Together with Fasset, we will advance the development of the next generation of on-chain financial systems, extending from the Asia-Pacific region to the Middle East and Africa," said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings, Inc.
Fasset plans to use the new capital to expand and increase investment in AI systems that can route transactions across payment rails, currencies and liquidity providers. It will also deepen its work around stablecoin settlement and tokenized assets.
For founders and businesses, this rise points to a shift in how African companies could move money across borders. High fees, slow settlement and fragmented banking rails still make regional expansion expensive, particularly for smaller businesses.
