Fasset raises $51 million to expand emerging-market finance network

Fasset said it raised a $51 million Series B led by investors including SBI Group, Investcorp and Arz Portföy to expand its AI-enabled financial infrastructure across emerging markets. The Dubai-based platform says the new capital will help extend its network from Morocco to Malaysia and broaden access to accounts, payments, cards and investing tools. Why it matters: - Fasset is trying to make cross-border financial access feel normal for users in emerging markets. - The funding targets infrastructure that can connect banks, payment companies, telcos and on- and off-ramp providers across regions that have often been underserved. - More than two million people already use Fasset’s tools to move, hold and invest money across borders. What happened: - Fasset raised a $51 million Series B round on June 18, 2026. - SBI Group, Investcorp, Arz Portföy and other partners participated in the round. - The company said the capital will support the next stage of its Own Network, an AI-enabled financial infrastructure layer. - Fasset is based in Dubai and operates across more than 125 countries. The details: - The Own Network is designed to connect financial institutions across the corridor from Morocco to Malaysia and beyond. - Fasset offers USD accounts that let users save and transact in dollars without a foreign bank. - Cross-border payments on the platform settle in minutes, rather than days. - A Visa card linked to Fasset accounts is accepted at more than 150 million merchants. - Users can invest in global stocks with as little as $1. - The platform also offers tokenized gold and silver with underlying ownership. - Fasset says its model is interest-free and Shariah-compliant, and that the structure is independently reviewed. - The platform has grown across the Gulf, South Asia, Southeast Asia and parts of Africa. - Fasset has a website at More information and a LinkedIn page at the company’s LinkedIn profile . Between the lines: - Fasset is betting that remote work, freelancing and cross-border commerce are pushing emerging-market users toward borderless financial tools. - The company’s pitch is that the next financial network will be more connected and more open than legacy systems. - Shariah compliance appears to be both a product feature and a trust signal for Fasset’s core users. What’s next: - Fasset says it will deepen the network market by market after the Series B. - The company also plans to expand access and continue building user trust across its existing regions. - Fasset’s longer-term goal is to extend global financial tools to more people outside traditional financial hubs. The bottom line: - Fasset raised fresh capital to scale a payment and investing network aimed at making global finance more accessible in emerging markets.