POPA ReconFasset Hits $1B Valuation in $68M SBI-Led Round
Fasset Hits $1B Valuation in $68M SBI-Led Round Stablecoin neobank Fasset raised $68M led by Japan's SBI Group at a $1B valuation, just three months after its $51M Series B and taking its 2026 funding to $119M. Fasset says revenue is up roughly sixfold over the past year and it has been profitable for 12 straight months, processing more than $32B in annualized transaction volume across 125 countries and 50-plus payment corridors. CEO Mohammad Raafi Hossain framed the raise around scaling a compliant stablecoin bank rather than chasing growth at a loss. The plan is to tap SBI's financial net…
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