Fasset Hits $1B Valuation as SBI Group Leads $68M Series C for AI-Powered Stablecoin Neobanking

Fasset, an AI-powered stablecoin neobanking platform, raised $68 million in Series C funding at a $1 billion valuation, announced August 24, 2026. The round was led by SBI Group and follows Fasset's $51 million Series B earlier this year, which brought Speedinvest onto the cap table alongside a group of strategic investors. The new financing brings Fasset's total funding to date to over $150 million.

What Fasset Builds

Fasset operates a regulated financial network called Own Network that connects banks, telcos, payment providers, and liquidity providers to enable cross-border settlement across international markets using stablecoins as the underlying settlement layer. The company now processes more than $40 billion in annualized transaction volume, serving more than 3 million wallets across 125 countries and over 1,000 enterprises globally. Fasset's model positions stablecoins not as a speculative asset but as settlement infrastructure, allowing regulated financial institutions to move money across borders faster and more cheaply than traditional correspondent banking rails.

Where the New Capital Goes

Fasset plans to use the Series C proceeds to expand Own Network's reach and to invest in agentic AI capabilities, specifically to support corridor banking, stablecoin settlement, and tokenised asset infrastructure. The agentic AI investment suggests Fasset is moving toward automating parts of the compliance, routing, and settlement decision-making that currently requires manual oversight in cross-border payment corridors, a capability that could meaningfully reduce the operating cost of running a global stablecoin settlement network as transaction volume scales.

Why SBI Group Led

SBI Group is one of Japan's largest financial services conglomerates with an active track record of investing in crypto and blockchain infrastructure across Asia. SBI's decision to lead Fasset's Series C at a $1 billion valuation reflects growing institutional confidence in stablecoin settlement infrastructure as a legitimate financial services category rather than a purely speculative crypto play, particularly as regulatory clarity around stablecoins has improved in multiple jurisdictions over the past two years. See active fintech and crypto infrastructure investors on AngelLinx for the broader landscape of funds backing companies building in this category.

What This Means for Founders

Fasset's raise is a strong data point for founders building in stablecoin infrastructure, cross-border payments, and regulated crypto financial services, showing that later-stage capital is available for companies that can demonstrate real transaction volume and enterprise adoption rather than pure token speculation. The $40 billion in annualized transaction volume across 1,000+ enterprises signals genuine commercial traction that likely gave SBI conviction to lead at unicorn valuation. Use the investor match tool to find fintech and crypto infrastructure investors with relevant portfolio experience, and understand your annual recurring revenue trajectory in the context of enterprise financial infrastructure sales cycles.

See what other fintech companies are currently raising on the AngelLinx live listing. Fintech and crypto infrastructure founders can explore relevant investors on AngelLinx @ angellinx.ai/register.

AngelLinx Intelligence | angellinx.ai