Fasset
About
Builds regulated digital finance, stablecoin infrastructure and blockchain-powered banking for emerging markets.
Founders
Recent News
AI start-up Mal carries Middle East FinTech in H1 with mega-funding round
Abu Dhabi-based AI start-up Mal raised a $230 million mega-round — about 37% of MENA fintech funding in H1 2026 — helping keep regional headline fintech funding robust despite a sharp drop in deal volumes. Other notable rounds included UAE-based Fasset ($51m) and Saudi rounds led by Madfu ($26m) and Stitch ($25m).
MENA Startups Raise $375 Million in August, but North Africa Misses the Rebound
MENA startups raised $375 million in August, heavily concentrated in a few large rounds — most notably Moove's $250M Series C — while North African markets (Egypt, Morocco, Tunisia, Algeria, Libya, Mauritania) recorded no deals for the month.
Africa & Middle East Startups Raise $239.63M in Week 35
Startups across Africa, the Middle East and Israel raised $239.63M this week, led by a $140M financing for Israeli AI security firm Alice and a $68M Series C for UAE-based fintech Fasset.
Dubai fintech Fasset reaches unicorn status
Dubai-based fintech Fasset has reached a US$1 billion valuation after closing a US$68 million Series C led by Japan’s SBI Group, pushing lifetime capital raised to over US$150 million. The company focuses on stablecoin-based cross-border payments, tokenisation and AI-enabled settlement systems.