Fasset Raises $51 Million to Expand Stablecoin-Focused Neobank

Neobank Fasset has raised $51 million to expand its stablecoin-centric banking platform to emerging markets. The company said its Series B round, announced Thursday (May 14), will help it continue its work of serving customers in overlooked markets. These are people who are “locked out of opportunity because of where they were born, what passport they hold or how underdeveloped their local financial infrastructure may be,” Fasset founder and CEO Mohammad Raafi Hossain wrote on the company blog.