{"slug": "fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion", "title": "Fasset achieves $1B valuation with SBI backing for payments expansion", "summary": "Fasset, a stablecoin neobanking platform, has raised $68 million in a Series C funding round led by SBI Group, valuing the company at $1 billion. The round brings Fasset's total funding in 2026 to $119 million, and the company says it processes over $40 billion in annualized transaction volume. The new capital will be used to expand its Own Network and increase investment in AI systems for stablecoin settlement and payment routing.", "body_md": "# Fasset achieves $1B valuation with SBI backing for payments expansion\n\nThe stablecoin platform has raised $119 million this year and says it now processes more than $40 billion in annualized volume.\n\nFasset has [raised](https://www.businesswire.com/news/home/20260823503947/en/Fasset-Hits-%241B-Valuation-as-SBI-Group-Leads-%2468M-Series-C-to-Scale-AI-Powered-Stablecoin-Neobanking) $68 million in a Series C funding round led by SBI Group, valuing the stablecoin neobanking platform at $1 billion.\n\nThe round follows a $51 million Series B completed in May and brings Fasset’s total funding raised in 2026 to $119 million.\n\nThe company said the new capital will be used to expand Own Network, its regulated financial network connecting banks, telecom companies, payment providers, liquidity providers, and other financial infrastructure across international markets.\n\nFasset also plans to increase investment in artificial intelligence systems used for stablecoin settlement, tokenized assets, corridor banking, and payment routing.\n\nThe company currently processes more than $40 billion in annualized transaction volume. It says its platform serves more than 3 million wallets, over 1,000 enterprises, and users across 125 countries.\n\nOwn Network operates across more than 100 banking corridors and connects local banks, payment providers, financial institutions, telecom companies, custody providers, liquidity providers, and settlement networks.\n\nStablecoins are used as settlement infrastructure within parts of the network, while customers access the services through Fasset accounts and financial products without directly managing the underlying blockchain infrastructure.\n\nFasset said its AI systems are designed to determine how transactions should move across different payment rails, currencies, liquidity providers, and settlement methods based on factors including cost, speed, and availability.\n\nSBI Group said the investment fits its plans to develop an onchain financial network across Asia Pacific and other emerging markets.\n\nThe Japanese financial group has investments across digital asset companies including Ripple, Circle, and Morpho, while its subsidiaries include crypto liquidity provider B2C2.\n\nSBI and Fasset have also previously partnered through SBI Remit, giving Fasset access to a remittance network supporting bank account transfers to roughly 200 countries.\n\nFasset CEO Mohammad Raafi Hossain said the company intends to build infrastructure capable of connecting different users, assets, and payment rails rather than simply adding another interface to existing banking systems.\n\nThe company has built a regulatory footprint across the Gulf region, Asia, Europe, and other international markets.\n\nFasset said the Series C will support further expansion of its stablecoin banking infrastructure and international settlement network as it targets consumers, businesses, and institutions across growth markets.\n\n**Disclosure:** This article was edited by Estefano Gomez. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion", "canonical_source": "https://cryptobriefing.com/fasset-1b-valuation-sbi-payments/", "published_at": "2026-08-24 15:54:32+00:00", "updated_at": "2026-08-24 16:14:06.408480+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-products", "ai-infrastructure"], "entities": ["Fasset", "SBI Group", "Own Network", "Mohammad Raafi Hossain", "Ripple", "Circle", "Morpho", "B2C2"], "alternates": {"html": "https://wpnews.pro/news/fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion", "markdown": "https://wpnews.pro/news/fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion.md", "text": "https://wpnews.pro/news/fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion.txt", "jsonld": "https://wpnews.pro/news/fasset-achieves-1b-valuation-with-sbi-backing-for-payments-expansion.jsonld"}}