Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments push
The firm raised $68 million as its revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.
We haven't written up this one. CoinDesk has the full story — the link below goes straight to it.
Also reported by 4 other outlets
- Japan’s SBI leads $68M Fasset round at $1B valuation cointelegraph.com
- Fasset, which offers stablecoin-powered banking services across Asia and other emerging markets, raised $68M at a $1B valuation, after raising $51M in May (Krisztian Sandor/CoinDesk) coindesk.com
- Stablecoin platform Fasset hits $1bn valuation finextra.com
- SBI Group backs US stablecoin startup Fasset at $1b valuation techinasia.com
