Fasset achieves $1B valuation with SBI backing for payments expansion

Fasset has raised $68 million in a Series C funding round led by SBI Group, valuing the stablecoin neobanking platform at $1 billion. The round follows a $51 million Series B completed in May and brings Fasset’s total funding raised in 2026 to $119 million. The company said the new capital will be used to expand Own Network, its regulated financial network connecting banks, telecom companies, payment providers, liquidity providers, and other financial infrastructure across international markets. Fasset also plans to increase investment in artificial intelligence systems used for stablecoin settlement, tokenized assets, corridor banking, and payment routing. The company currently processes more than $40 billion in annualized transaction volume. It says its platform serves more than 3 million wallets, over 1,000 enterprises, and users across 125 countries. Own Network operates across more than 100 banking corridors and connects local banks, payment providers, financial institutions, telecom companies, custody providers, liquidity providers, and settlement networks. Stablecoins are used as settlement infrastructure within parts of the network, while customers access the services throu...