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Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking

Fasset, the AI-powered stablecoin neobanking platform, today announced it has raised $68 million in Series C funding at a $1 billion valuation.

Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking

Fasset, an AI-powered stablecoin neobanking platform, has announced the successful raising of $68 million in Series C funding, bringing its total funding to $119 million in 2026. The Series C round was led by SBI Group, marking Fasset's entry into the global fintech unicorn category. The new capital will be used to expand Fasset's Own Network, a regulated financial network that connects banks, telcos, payment providers and liquidity providers to enable settlement across international markets.

Fasset's vision is to create a world where money moves across borders as easily as information, and the Series C funding will support this vision by increasing investment in agentic AI-enabled systems supporting corridor banking, stablecoin settlement and tokenized asset infrastructure.

Written by urgent.news from ITWeb's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at itweb.co.za →

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