Fasset, a Los Angeles-based company providing stablecoin banking and cross-border payment solutions in Asia, Africa, and the Middle East, secures $51M in Series B funding (Krisztian Sandor/CoinDesk)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
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Source: Techmeme
Funding Announcement: A LA-based fintech company has raised $51 million in a Series B funding round to enhance its stablecoin-powered banking and cross-border payment services across Asia, Africa, and the Middle East.
Digital Banking Growth: The Shariah-compliant digital bank is part of a growing trend of fintech startups that are leveraging blockchain technology and stablecoin infrastructure to provide banking and payment solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
