Stablecoin neobank Fasset raises $68 million, reaching a $1 billion valuation after SBI Group leads the funding round.
Stablecoin-focused neobank Fasset has closed a $68 million funding round led by Japan’s SBI Group, elevating its valuation to $1 billion. The latest injection follows a $51 million raise in May, pushing total funding this year to $119 million.
The company reports processing over $40 billion in annualized transaction volume across 125 countries, with revenue expanding sixfold year over year. Fasset’s growth aligns with rising demand for stablecoin-based financial services in emerging markets.
No immediate market reaction was disclosed following the announcement.