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

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.

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