Fasset hits $1 billion valuation after $68 million Series C

Fasset, an AI-powered stablecoin neobanking platform, has secured $68 million in Series C funding, bringing its total funding to $119 million in 2026. The investment round, led by SBI Group, follows a $51 million Series B round earlier this year that also included Speedinvest and other strategic investors. Fasset's new funding will fuel the expansion of its regulated financial network, Own Network, which connects banks, telcos, payment providers, and liquidity providers to facilitate settlement across international markets.

The funds will also support agentic AI-enabled systems for corridor banking, stablecoin settlement, and tokenized asset infrastructure. Fasset aims to provide financial access to customers across over 125 countries, enabling them to receive, hold, move, spend, and invest across currencies, markets, and asset classes through its financial products and accounts.

The company leverages AI to optimize transaction routing based on cost, speed, and availability. Fasset's vision aligns with SBI Group's goal of creating a borderless, on-chain economic zone. The fintech's entry into the global fintech unicorn category further solidifies its position in the industry.