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Fasset Raises $51 Million in Series B to Expand Stablecoin Payments and SME Finance

Fasset, a stablecoin neobank serving 125 countries, said its $51 million round backed by SBI Group and Investcorp supports cross-border payments for SMEs using stablecoin rails.

Fact Check
All five sources consistently confirm the core claim: Fasset raised $51 million in a Series B round with SBI Group and Investcorp as backers, focused on stablecoin payments and SME finance across 125 countries. The announcement was corroborated by CoinDesk (primary report), crypto.news, PANewsLab, DealStreetAsia, and a LinkedIn post by Fasset's own CEO. The only minor omission in the claim is the third investor, Arz Portföy (a Turkish asset manager), but the named investors SBI Group and Investcorp are correctly identified. The $51M figure, Series B designation, stablecoin neobank description, 125-country reach, and SME finance use case are all verified.
Summary

Fasset said it raised $51 million in Series B funding with backing from Japan’s SBI Group and Investcorp. The Los Angeles-based company describes itself as a stablecoin neobank serving 125 countries and using stablecoin rails to move money across borders for small and medium-sized businesses. The new report reinforces Fasset’s focus on cross-border business payments and SME financial services, but does not add materially beyond the previously reported funding amount, investor backing, and international SME footprint.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.