Fasset secures $68 million from SBI Group at $1 billion valuation
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Dubai-based digital bank Fasset has reached a $1 billion valuation following a $68 million Series C funding round led by Japan's SBI Group.
In this interview, Mohammad Raafi Hossain, Co-Founder and CEO at Fasset, outlines how the latest raise will expand its network across more than 100 banking corridors and accelerate stablecoin adoption in emerging markets.
The platform has processed over $40 billion in annualized volume across 125 countries, leveraging stablecoin settlement to deliver Shariah-compliant digital banking, multi-currency accounts, and cross-border investments for over three million users.
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