How much funding has Fasset raised?

Fasset has raised $73.0M in total funding, most recently a Series B round.

Who are Fasset's investors?

Fasset's investors include SBI Investment, Liberty City Ventures, Investcorp, Fatima Gobi Ventures.

Where is Fasset headquartered?

Fasset is headquartered in Dubai, United Arab Emirates.

What industry is Fasset in?

Fasset operates in Crypto & Web3, Fintech.

Fasset

Stablecoin-Powered Islamic Bank

Dubai, United Arab Emirates · Founded 2019 · $73.0M raised

Crypto & Web3

Fintech

Headquarters: Dubai
Employees: 51–200
Founded: 2019
Business Model: B2C

Website: fasset.com
Total Funding: $73.0M
Last Round: $51.0M Series BMay 2026
Rounds: 3

About

Fasset is a stablecoin-powered Islamic digital bank and regulated crypto platform founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed. The platform brings together multi-currency accounts, fast global transfers, instant settlements, a global debit card, and access to interest-free investments across crypto, stocks, funds, and commodities — all powered by the Own Network (Ethereum Layer 2). Licensed as a Virtual Asset Service Provider (VASP) by Dubai's VARA and holding a provisional Islamic banking license in Malaysia, Fasset serves over 2 million community members across 125 countries with operations in Dubai, Islamabad, Jakarta, and Bahrain. In 2025, annualized transaction volume reached billion. The platform integrates compliance infrastructure from Chainalysis, Jumio, and Sift, and partners with Fireblocks for custody, targeting financial inclusion across Asia and Africa.

Summary

Fasset is a Crypto & Web3 company based in Dubai, United Arab Emirates, founded in 2019. It has raised $73.0M in total across 3 rounds, most recently a $51.0M Series B round in May 2026. Investors include SBI Investment, Liberty City Ventures and Investcorp.

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