Stablecoin Neobank Fasset Closes USD 51 Million Series B Backed by SBI Group and Investcorp

Fasset, the Los Angeles-headquartered stablecoin-banking fintech, has closed a USD 51 million Series B funding round backed by SBI Group, Investcorp and Arz Portföy. The company announced the round on 14 May 2026.

Fasset said it would use the funding to expand into new markets, launch lending, SME banking and trade finance products, and grow its Own Network, an AI-enabled financial infrastructure layer that connects banks, payment companies, telecommunications operators and on- and off-ramp partners across emerging markets.

SBI, INVESTCORP AND ARZ PORTFÖY BACK THE ROUND

The round drew Japan's SBI Group, Bahrain-headquartered global asset manager Investcorp, Istanbul-based asset manager Arz Portföy and a group of strategic family offices.

Fasset said its Own Network targets the Morocco-to-Malaysia corridor and other emerging markets.

OWN NETWORK TARGETS EMERGING MARKETS

At the centre of the funding narrative is Fasset's Own Network, described by the company as an AI-enabled financial infrastructure layer that stitches together the different actors involved in moving value across borders. The company said the network aims to enable “more seamless movement of money and value across borders”.

Fasset said its platform processes more than USD 32 billion in annualised transaction volume across 125 countries and serves more than 1,000 SME clients.

Fasset describes itself as a banking and investment platform focused on financial inclusion in emerging markets and holds regulatory approvals in the UAE, Indonesia, Malaysia, the EU, Türkiye and Pakistan, among other jurisdictions.

“We are building Fasset for a world where money moves as easily across borders as information does,” said Mohammad Raafi Hossain, Fasset's chief executive and co-founder.