Fasset raises US$51 million in Series B round

GLOBAL: Fasset, a global neobank and investment platform with Islamic solutions, raised US$51 million in its Series B round with contributions from Japan’s SBI Investment, Bahrain’s Investcorp and Turkiye’s Arz Portfoy. The capital will power expansion of Fasset’s ‘Own Network’ – with a cross-border money transfer system using stablecoins at lower cost than traditional banking systems.

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