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Fasset has raised $51m in fresh funding to accelerate the expansion of its stablecoin-powered banking and payments platform across emerging markets in Asia, Africa, and the Americas.
The funding round attracted participation from SBI Group, Arz Portföy, Investcorp, alongside a consortium of strategic family offices.
Headquartered in Los Angeles, Fasset focuses on leveraging financial technology and digital assets to drive financial inclusion in underserved and emerging markets.
The company currently operates a stablecoin-based banking and payments infrastructure spanning more than 50 financial corridors globally and has secured regulatory approvals across multiple jurisdictions, including the UAE, Indonesia, Malaysia, the European Union, Türkiye, and Pakistan.
According to the company, its platform now processes over $32bn in annualised transaction volume while supporting more than two million digital wallets across 125 countries and serving over 1,000 small and medium-sized enterprises globally.
As part of its broader digital finance strategy, Fasset recently partnered with Tether to launch a gold-backed Visa card that allows users spend US dollars globally while earning cashback rewards in Tether Gold on eligible transactions.
With the new capital injection, the company plans to deepen its presence in emerging markets while expanding into additional financial services segments, including SME working capital solutions and trade finance.
Commenting on the development, Chief Executive Officer of Fasset, Mohammad Raafi Hossain, said the funding would strengthen the company’s ability to scale regulated financial services infrastructure globally.
“We are building Fasset for a world where money moves as easily across borders as information does,” Hossain said.
He added that the investment would support the company’s efforts to expand regulated banking services into markets where access to efficient cross-border financial infrastructure remains limited.
The latest funding highlights growing investor interest in stablecoin-powered financial services and digital banking platforms aimed at improving payment efficiency, financial inclusion, and cross-border transactions in developing economies.
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