Fasset secures $51m Series B to grow neobanking infrastructure

Fasset has secured $51 million in Series B funding to expand its stablecoin-powered neobanking and cross-border payments infrastructure. The round included participation from SBI Group, Investcorp, Arz Portföy and a number of strategic family offices.

Fasset secures $51m Series B to grow neobanking infrastructure. Fasset has secured $51 million in Series B funding to expand its stablecoin-powered neobanking and cross-border payments infrastructure. The round included participation from SBI Group, Investcorp, Arz Portföy and a number of strategic family offices. The funding comes as financial institutions and regulators globally continue exploring tokenisation, blockchain-based settlement and stablecoin infrastructure to modernise international payments and liquidity flows. “We are building Fasset for a world where money moves as easily across borders as information does,” said Mohammad Raafi Hossain, CEO and Co-Founder of Fasset. “This funding round strengthens our ability to build regulated banking services and expand into new markets where our services are needed most. The Series B p...