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- Fasset
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
SBI Holdings
Speedinvest
Soma Capital
Investcorp Capital
Liberty City Ventures
Primal Capital
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series C | $1B |
| May 2026 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series C | SBI Holdings (lead); Speedinvest | $68M | $1B | Fasset 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 2026 | Series B | Investcorp Capital; SBI Holdings; Arz Portfolio | $51M | $510M | Fasset 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 2022 | Series A | Fatima 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 2019 | Seed | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2026 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 15 Fasset investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments 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
| 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 Country | |
| HQ City | Dubai |
| Deal Date | 17 Mar 2025 |
| Round | Pre-seed |
| Raised | $2M |
| Investors | Dead King Society; 468 Capital |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fasset investments and their VC round multiples. Start Free Trial | |
Fasset Competitors
Fasset competitors include listed companies like Rhino Bitcoin and Agibank, and private ones like Andalusia Labs, Axelar Network, Bitfury Group and CoinBridge.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $478K | ($417K) | $594M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.3B | $227M | $997M | 0.6x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $227M | 0.8x | 0.6x | 4.4x | 5.3x | |||
| $89M | - | 10.8x | - | - | - | |||
| $325M | - | 2.9x | - | - | - | |||
| $312M | - | 2.8x | - | - | - | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $368M | - | 2.2x | 2.1x | - | - | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
This data is available for Pro users. Sign up to see all Fasset competitors and their valuation data. Start Free Trial | ||||||||
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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