Fasset hits $1 billion valuation after $68 million Series C

UAE-based fintech Fasset has raised $68 million in a Series C round led by Japan’s SBI Group and joined by Speedinvest, valuing the company at $1 billion and marking its entry into unicorn status. Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset operates an AI-powered stablecoin neobanking platform that enables individuals, businesses and institutions to receive, hold, transfer, spend and invest across currencies and asset classes. The round follows Fasset’s $51 mil