Fasset Valuation, Funding & Investors

Fasset is valued at $1B as of August 2026.

Last Fasset valuation

$1B

Series C · Aug 2026

Last Fasset funding round

$68M

Series C · Aug 2026

Cumulative funding Fasset raised

$146M

across 4 funding rounds

Key investors in Fasset

Fasset Overview

About Fasset

Fasset is a Dubai-headquartered Islamic digital bank utilizing blockchain technology. It allows users worldwide to save, invest, send, and spend via a mobile app compliant with Sharia principles. Backed by investors like Liberty City Ventures and Fatima Gobi Ventures, Fasset launched in 2021 to serve Muslim communities globally.


Founded

2019

HQ

UAEDubai

Website

fasset.io

Status

Privately held

Customer focus

B2C

Revenue model

Usage-based

Valuation

$1B (Aug 2026)

Fasset Valuation

Fasset is currently valued at $1B, based on its Series C in August 2026.

The $68M round was led by SBI Holdings, with participation from Speedinvest.

Fasset's valuation has grown 2.0x from $510M at its Series B in May 2026 to $1B in August 2026, across 2 priced rounds.

Fasset valuation by funding round

Fasset valuation by funding round
DateStageValuation
Aug 2026Series C$1B
May 2026Series B$510M

Fasset Funding History

Fasset has raised a total of $146M across 4 funding rounds.

Fasset's first fundraising round was a $5M seed round in May 2019. The most recent completed round was a $68M Series C in August 2026.

Fasset funding rounds

Fasset funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series CSBI Holdings (lead); Speedinvest$68M$1BFasset raised $68 million in a Series C round led by SBI Group at a $1 billion valuation in August 2026. The financing followed Fasset’s $51 million Series B in May 2026 and brought its 2026 total funding to $119 million. The capital is intended to expand Own Network, Fasset’s regulated financial network connecting banks, telcos, payment providers and liquidity providers for cross-border settlement, and to support its next phase of growth across regulated markets, banking corridors and settlement infrastructure. The round reflects Fasset’s push to scale AI-powered stablecoin neobanking and broaden its presence in international payments and tokenization-related infrastructure. SBI Group’s participation also aligns with plans to deepen its involvement in Fasset, including increasing its stake through warrants after closing. Fasset operates as a stablecoin neobanking platform focused on emerging-market financial connectivity, with Own Network positioned as the core operating infrastructure for settlement across more than 100 banking corridors.
May 2026Series BInvestcorp Capital; SBI Holdings; Arz Portfolio$51M$510MFasset raised USD 51 million in a Series B financing in May 2026 from SBI Group, Investcorp, and Arz Portföy. The round was reported with an implied post-money valuation of about USD 510 million. The financing was structured as equity funding; no cash/stock mix or earn-out was indicated. The capital is intended to support expansion of Fasset’s stablecoin-based banking platform across payments, lending, and cross-border transfers. Fasset operates as a digital asset platform and neobank focused on stablecoin-powered financial services, with an emphasis on Islamic and emerging-market use cases. The company has positioned its platform around blockchain infrastructure and interest-free financial services for individuals and businesses. The investor base in this round spans Japan, Bahrain, and Türkiye, broadening institutional support for the company’s regional expansion strategy. No revenue, EBITDA, employee count, or operating scale metrics were disclosed.
Apr 2022Series AFatima Gobi Ventures (lead); Liberty City Ventures (lead); Esas Ventures; Primal Capital; VN2 Capital; Alarko Ventures; Soma Capital; Fady Hannah-Shmouni, MD FRCPC; MyAsia VC; Formus Capital; QP Ventures$22M--
May 2019Seed-$5M-Fasset, a cryptocurrency trading platform founded in 2019, raised $4.7 million prior to its Series A, with the latest seed round from Ceras Ventures in May 2021.

Who has invested in Fasset?

15 investors have backed Fasset across its funding rounds, including SBI Holdings, Speedinvest, Soma Capital, Investcorp Capital, Liberty City Ventures and Primal Capital.

Lead investors include SBI Holdings, Fatima Gobi Ventures and Liberty City Ventures.


Fasset Investors

Investors in Fasset by funding rounds participated
InvestorHQRoundsRoleFirst check
SBI HoldingsJapanTokyo2LeadMay 2026
Esas VenturesTurkeyIstanbul1ParticipantApr 2022
Primal CapitalUAEAbu Dhabi1ParticipantApr 2022
Fatima Gobi VenturesPakistanLahore1LeadApr 2022
Investcorp CapitalUAEManama1ParticipantMay 2026
VN2 CapitalUnited KingdomLondon1ParticipantApr 2022
Liberty City VenturesUnited StatesNew York City, NY1LeadApr 2022
Alarko VenturesTurkeyIstanbul1ParticipantApr 2022
SpeedinvestAustriaVienna1ParticipantAug 2026
Soma CapitalUnited StatesSan Francisco, CA1ParticipantApr 2022
Arz PortfolioTurkeyIstanbul1ParticipantMay 2026
Fady Hannah-Shmouni, MD FRCPCUAEDubai1ParticipantApr 2022
MyAsia VCSingaporeSingapore1ParticipantApr 2022

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Investments by Fasset

Fasset has invested in 1 company to date.

Latest investment by Fasset was on March 17th 2025. Fasset invested in Oro Labs in their $2M Pre-seed round.


Latest Investments by Fasset

Oro Labs
Description
Oro Labs is a Solana-based protocol for tokenized gold assets, allowing users to mint and trade digital representations of physical gold stored in secure vaults. Launched in 2023, it operates with 1:1 backing from LBMA-approved gold bars held by custodians in Singapore and Dubai. The platform facilitates fractional ownership starting at $1, with liquidity pools on decentralized exchanges like Raydium, attracting over 5,000 users in its first year.
HQ CountryUnited Arab Emirates
HQ City
Dubai
Deal Date17 Mar 2025
RoundPre-seed
Raised$2M
InvestorsDead King Society; 468 Capital
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Fasset Competitors

Fasset competitors include listed companies like Rhino Bitcoin and Agibank, and private ones like Andalusia Labs, Axelar Network, Bitfury Group and CoinBridge.

Public and private companies comparable to Fasset
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Rhino BitcoinUnited StatesUnited StatesPublicly listed$478K($417K)$594M-
Andalusia LabsUAEAbu DhabiPrivate--$1B-
Axelar NetworkCanadaWaterlooPrivate--$1B-
Bitfury GroupNetherlandsAmsterdamPrivate--$1B-
CoinBridgeIsraelHerzliyaPrivate--$1B-
AgibankBrazilBrazilPublicly listed$1.3B$227M$997M0.6x

Fasset Public Comps

Fasset is still privately-owned, but its public comps include Agibank, Superbank Indonesia, Forbright Bank, Wema Bank, HashKey Holdings, BitGo Holdings, Judo Bank, OSL Group, PicPay and Green Dot.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Agibank$1.3B$227M0.8x0.6x4.4x5.3x
Superbank Indonesia$89M-10.8x---
Forbright Bank$325M-2.9x---
Wema Bank$312M-2.8x---
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Judo Bank$368M-2.2x2.1x--
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)

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Common questions about Fasset

When was Fasset founded?Fasset was founded in 2019.
Where is Fasset headquartered?Fasset is headquartered in Dubai, UAE.
Is Fasset publicly listed?No, Fasset is a private, VC-backed company.
What is Fasset's valuation?Fasset was last valued at $1B in its Series C in August 2026.
How much funding has Fasset raised?Fasset has raised $146M across 4 funding rounds.
What was Fasset's last funding round?Fasset's last funding round was a $68M Series C in August 2026, led by SBI Holdings.
Who are Fasset's investors?Fasset's investors include SBI Holdings, Esas Ventures, Primal Capital, Fatima Gobi Ventures, Investcorp Capital, VN2 Capital, Liberty City Ventures, Alarko Ventures, Speedinvest, Soma Capital and 5 others.
Which companies are comparable to Fasset?Companies comparable to Fasset include Rhino Bitcoin, Andalusia Labs, Axelar Network, Bitfury Group, CoinBridge and Agibank.
How many companies has Fasset invested in?Fasset has invested in 1 company, including Oro Labs.
What was Fasset's last investment?In March 2025, Fasset invested in Oro Labs' $2M pre-seed round alongside Dead King Society and 468 Capital.

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