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Fasset

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Fasset is a fast-growing onchain neobank and stablecoin-powered Islamic digital banking platform designed for emerging markets. It offers USD accounts, global payments, crypto spending cards, digital asset trading, staking, and access to tokenized real-world assets. Built fully on blockchain infrastructure, Fasset delivers interest-free financial services that bridge traditional banking and digital assets for individuals and businesses worldwide.

Seed Round: $2.5M

Series A Round: $22M

Series B Round: $51M

Series C Round: $68M

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Registration countryUnited Arab Emirates
Registration year2019
Office addressOffice 2901, Floor 29, Boulevard Plaza Tower 1, Sheikh Mohammed bin Rashid Boulevard, Dubai, UAE

What is Fasset

Fasset operates as a regulated, stablecoin-powered digital banking platform that delivers interest-free financial services to individuals and businesses across emerging markets. The platform unifies multi-currency accounts, cross-border payments, crypto spending cards, digital asset trading and access to tokenized real-world assets within a single on-chain application, enabling users in more than 125 countries to save, invest, earn and transact without traditional banking barriers.

Built on its proprietary Own Network infrastructure, Fasset bridges conventional finance and digital assets while maintaining Shariah-compliant principles and regulatory oversight in multiple jurisdictions. With millions of wallets already active and substantial annual transaction volumes, the project continues to expand settlement rails, tokenized investment products and AI-driven financial tools designed for global accessibility and financial inclusion.

Funding Details

Funds Raised (as of now) 145,700,000 USD

Project team

Mohammad Raafi Hossain
Mohammad Raafi Hossain
Co-Founder and CEO
Mohammad Raafi Hossain linkedin-team
Daniel Ahmed
Daniel Ahmed
Co-founder & Chief Operating Officer
Daniel Ahmed linkedin-team
Eli Mydlarz
Eli Mydlarz
Chief Technology Officer
Eli Mydlarz linkedin-team
Rafiza Ghazali
Rafiza Ghazali
Chief Financial Officer
Rafiza Ghazali linkedin-team
Aigerim Omarbekova
Aigerim Omarbekova
Head of Ecosystem
Aigerim Omarbekova linkedin-team
Gitesh S.
Gitesh S.
Head of Growth
Gitesh S. linkedin-team

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