Stablecoin-Powered Neobank Fasset Raises $51 Million to Expand Across Emerging Markets

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Fasset, a STABLECOIN-powered neobank operating in 125 countries, has raised $51 million in a Series B round backed by SBI Group, Investcorp, and Arz Portföy. The company processes over $32 billion in annualized volume for more than 1,000 SMEs. Fasset plans to use the funding to enter new markets, develop lending and trade finance products, and expand its proprietary stablecoin payment and custody infrastructure. Strategically, Fasset demonstrates the increasing adoption of stablecoin-based financial services in markets where traditional banking infrastructure is fragmented or expensive.

Stablecoin-Powered Neobank Fasset Raises $51 Million to Expand Across Emerging Markets