SBI, Investcorp back $51m funding in stablecoin fintech Fasset
Summary
SBI Group and Investcorp led a $51 million Series B investment in stablecoin-focused fintech Fasset, with participation from Arz Portföy and several family offices. Fasset will use the capital to expand regulated banking and payments infrastructure across Asia, Africa, and the Americas and to accelerate development of its proprietary Own Network platform for stablecoin payments and custody. The company processes over $32 billion in annualised transaction volume, serves more than 2 million wallets and 1,000 SME clients, and is pursuing regulatory approvals across multiple jurisdictions. The fundraising follows a partnership with Tether on a gold-backed neobanking card and ATM infrastructure and brings Fasset's total raised to more than $78 million.
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