Digital bank Fasset, based in Los Angeles, has raised $51 million in a Series B funding round. The investment was led by Japan's SBI Group, Investcorp, and Turkey's Arz Portföy. The company did not disclose its valuation. Fasset focuses on developing financial services using blockchain and stablecoins, operating over 50 payment channels across Asia, Africa, and the Middle East. It serves more than 1,000 SMEs in 125 countries, with an annual transaction volume exceeding $32 billion.
Fasset Secures $51 Million in Series B Funding Led by SBI Group and Investcorp
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