Fasset
About Fasset
Fasset is a Fintech startup based in Dubai, United Arab Emirates that has raised $73M in venture capital across 3 funding rounds since 2019. The company reached Series B stage in May 2021 with a null round led by Ceras Ventures. Fasset's investor base includes 6 institutional funds, with Fatima Gobi Ventures leading the most recent equity round.
Fasset is a stablecoin-powered neobank and financial infrastructure platform founded in 2019 in Dubai, UAE. The company builds regulated cross-border banking infrastructure connecting banks, payment companies, telecoms, and financial institutions across the Asia-Africa-Middle East corridor. Its platform offers personal and enterprise products including global USD accounts, physical Visa cards, tokenized asset investment (crypto, gold, oil, stocks), OTC trading, and SME banking. As of early 2026, Fasset processes an annualized $32 billion in transactions, serves over 2 million active users across 125 countries, and works with 1,000+ SME clients through 50+ banking corridors. The company holds regulatory licenses in the UAE, Indonesia, the EU, Turkey, Pakistan, and Malaysia. In May 2026, Fasset raised a $51 million Series B from SBI Group, Investcorp, and Arz Portföy to expand its Own Network proprietary stablecoin infrastructure and scale its banking and lending products.
Fasset Funding Rounds Timeline
3 rounds · $73M raised · since 2019
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | May 2021 | Undisclosed | — | Ceras Ventures | — |
| Series A | Apr 2022 | $22M | — | Fatima Gobi Ventures | Liberty City Ventures |
| Series B | May 2026 | $51M | — | — | SBI Group, Investcorp, Arz Portföy |
Investors in Fasset
6 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about Fasset
Questions about Fasset
How much has Fasset raised?
Fasset has raised $73M across 3 funding rounds since 2019.
Who are the investors of Fasset?
Fasset's investors include Fatima Gobi Ventures, Liberty City Ventures, Ceras Ventures, SBI Group, Investcorp, Arz Portföy.
When was Fasset's last funding round?
Fasset's most recent round was a null Seed in May 2021, led by Ceras Ventures.
Where is Fasset headquartered?
Fasset is headquartered in Dubai, United Arab Emirates, and was founded in 2019 by Mohammad Raafi Hossain, Daniel Ahmed.