Fasset Raises $68M Series C at $1B Valuation to Expand Stablecoin Neobanking Network

UAE fintech Fasset has raised $68 million in a Series C round led by Japan’s SBI Group, valuing the AI-powered stablecoin neobanking platform at $1 billion and making it a unicorn. The company said the money will help expand its regulated financial network, called Own Network, which connects banks, telecom operators, payment firms and liquidity providers to support cross-border settlement and money movement. The deal follows a $51 million Series B earlier this year, bringing Fasset’s total funding in 2026 to $119 million and underscoring growing investor interest in stablecoin-based financial services.