Fasset Raises $51 Million Series B for Stablecoin Banking and Cross-Border Payments
Fasset, a Los Angeles-based provider of stablecoin-powered banking and cross-border payments across Asia, Africa and the Middle East, raised a $51 million Series B round. Investcorp was among the participants in the funding.
The company is building banking and payment services on blockchain rails in emerging markets, targeting countries where millions of people have smartphones but no formal bank account.
From the sources (3 posts)
@techmemeLA-based Fasset, which offers stablecoin-powered banking and cross-border payments services across Asia, Africa, and the Middle East, raised a $51M Series B (@sndr_krisztian / CoinDesk) (Visit Techmeme dot com for the link and full context
@larissa74lebBahrain Investcorp participates in $51 million investment in Fasset @Investcorp @fasset @sbigroup
@primexbitcoinFASSET JUST RAISED $51 MILLION. They are a Shariah-compliant stablecoin neobank building banking and payment services on blockchain rails in emerging markets. Targeting countries where millions of people have smartphones but no formal ban