LOS ANGELES--(BUSINESS WIRE)--Aug 24, 2026--
Fasset, the AI-powered stablecoin neobanking platform, today announced it has raised $68 million in Series C funding at a $1 billion valuation. The financing was led by SBI Group and follows Fasset’s $51 million Series B earlier this year, which brought Speedinvest onto the cap table alongside a group of strategic investors.
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The new capital will support the expansion of Own Network, Fasset’s regulated financial network that connects banks, telcos, payment and liquidity providers to enable settlement across international markets. Fasset will also increase investment in agentic AI-enabled systems supporting corridor banking, stablecoin settlement and tokenized asset infrastructure.
After raising Series B in May, Fasset has now raised a total of $119 million in 2026. The financing marks Fasset’s entry into the global fintech unicorn category.
"Fasset's vision of a world in which money moves across borders as easily as information does point in the same direction as the on-chain economic zone that the SBI Group seeks to realize through digital finance. Fasset has already built a strong business foundation and a robust regulatory framework in a number of emerging markets with significant long-term growth potential. It was therefore in the conviction that Fasset can serve as an important financial bridge connecting Japan with high-growth markets around the world that we decided to lead this round. Within the SBI Group's "SBI APAC Digital Economic Zone" concept as well, an international remittance and settlement infrastructure built on stablecoins is a core component. Together with Fasset, we will advance the development of the next generation of on-chain financial systems, extending from the Asia-Pacific region to the Middle East and Africa." said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings, Inc.
The investment expands Fasset’s relationship with SBI Group, one of Japan’s leading comprehensive financial groups, spanning banking, securities, asset management, and private equity, with investments in companies including Ripple, Circle, and Morpho, and in group companies including B2C2.
“The next phase is about any-to-any banking. Any person to any person. Any asset to any asset. Any rail to any rail, anywhere. We built Fasset to address a simple problem: access to financial opportunity still depends too heavily on where someone lives and the financial system available to them,” said Mohammad Raafi Hossain, Co-Founder and CEO of Fasset. “The banking system is broken. It’s not enough to build another financial front on current rails. We are investing deeper into the stack, from licenses in emerging markets to enabling agentic payments, to rebuild the way we do banking from the ground up.”
“Having SBI Group lead this round speeds up our ability to serve the world by having access to the wider SBI financial ecosystem and their partners, including our previously announced partnership with SBI Remit, enabling us to leverage an extensive network that supports bank account remittances to approximately 200 countries.”
“Fasset is building the regulated infrastructure that helps people and businesses in growth markets access stablecoins, global assets and cross-border rails. That access is still too often shaped by geography. Raafi, Daniel and the team are changing that, and we are proud to have continued backing Fasset as it scales globally,” said Stefan Klestil, General Partner at Speedinvest.
Building a Financial System Around Ownership
Fasset provides financial access that allows customers to receive, hold, move, spend and invest across currencies, markets and asset classes.
Underpinning those products is Own Network, Fasset’s financial infrastructure connecting local banking systems, payment providers, financial institutions, telcos, liquidity providers, custody partners and settlement networks across more than 100 banking corridors.
Stablecoins are used within parts of the network as settlement infrastructure, allowing value to move between markets more efficiently where appropriate. Customers interact with Fasset through financial products and accounts rather than needing to manage the underlying settlement infrastructure themselves.
The company uses AI to improve how transactions are routed across payment rails, currencies, liquidity providers, and settlement methods, based on factors including cost, speed, and availability.
Fasset is built around a simple conviction: where someone is born should not determine the quality of money they can hold, the markets they can access or the assets they can own. The company is not building another interface on top of the existing financial system. It is building the infrastructure intended to replace it.
Scaling Global Infrastructure: $40B Annualized Volume
Fasset now processes more than $40 billion in annualized transaction volume, serving more than 3 million wallets across 125 countries and over 1,000 enterprises globally.
Its consumer, business and institutional products are supported by a regulatory footprint across the GCC, Asia, Europe and other international markets.
The Series C will support Fasset’s continued development as a global, AI-powered stablecoin neobanking platform, combining regulated local infrastructure, modern settlement technology and access to global assets through a single financial account.
About Fasset
Fasset is an AI-powered stablecoin neobanking platform building a global financial system around ownership. Its financial account enables individuals, businesses and institutions to receive, hold, move, spend and invest across currencies, markets and asset classes from one place.
Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised more than $150 million in funding and serves customers across more than 125 countries and operates through regulated entities and partnerships across the GCC, Asia, Europe and other international markets.
Fasset is powered by Own Network, its regulated financial infrastructure connecting banking, payments, liquidity, custody and settlement across markets. The company is building toward a financial system where access to stable money, global markets and ownership is no longer determined by geography.
Mohammad Raafi Hossain, Co-Founder and CEO, Fasset
BASEL, Switzerland & CHICAGO--(BUSINESS WIRE)--Aug 24, 2026--
Camilla Corsi, Head of Crop Protection Research & Development at Syngenta, is the winner of the prestigious 2026 American Chemical Society (ACS) International Award for Research in Agrochemicals. The ACS Fall Meeting, starting today, will hold a symposium in her honor to recognize her influential leadership and contributions to the discovery of the fungicide pydiflumetofen (ADEPIDYN ® technology); the insecticides isocycloseram (PLINAZOLIN ® technology) and spiropidion (TINIVION ® technology); as well as the novel SDHI (succinate dehydrogenase inhibitor) nematicide cyclobutrifluram (TYMIRIUM ® technology).
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Together, Syngenta's ADEPIDYN ®, PLINAZOLIN ® and TYMIRIUM ® technologies represent a new generation of crop protection treatments, delivering powerful disease, pest and nematode control across a wide range of crops and geographies.
A chemist by training, Corsi joined Syngenta in 2004, holding leadership roles in Research & Development. In January 2025, Corsi became head of Crop Protection Research & Development, an organization of more than 3,000 scientists, technologists and regulatory experts spread across 51 countries, including four world-class research sites. Corsi was appointed to Syngenta Group’s extended Global Leadership Team in January 2025 and is a member of the company’s Innovation Board.
“This is a very proud moment for me,” Corsi said. “As a company, we continuously invest in key technologies to ensure agriculture becomes more productive, sustainable and resilient in the face of climate and resource pressures. I would like to thank the American Chemical Society for both recognizing the work we do at Syngenta and honoring me with this award.”
Syngenta has the leading R&D pipeline for crop protection spending up to USD 2 billion per year on R&D across all its business units. It is on track to launch at least 20 new proprietary innovations in crop protection and biologicals over the next decade.
Crop protection is one of the world’s most highly regulated industries. To gain and maintain registration, a chemical must be safe for workers, the environment, crops and consumers. Often taking more than 10 years to reach commercial launch, the average cost of bringing a new crop protection product to market is more than USD 300 million, according to latest industry figures. Syngenta is the world market leader in crop protection products, offering farmers an extensive toolbox of solutions that help deliver higher yields with lower impact.
Alongside synthetic chemical pesticides, Syngenta conducts research into biological solutions, which are derived from nature itself or inspired by it. Their purpose is to keep pests in check, help plants absorb nutrients more effectively and withstand harsh climatic conditions.
Digital technology and artificial intelligence are increasingly reshaping agriculture. In the laboratory, in the field, and across the entire supply chain, the convergence of AI, data and deep agronomic expertise is redefining how food is grown, protected and delivered.
In R&D, machine learning is accelerating the discovery of novel active ingredients by exploring vast chemical spaces that would take human researchers decades to map. In parallel, generative design is delivering better and faster products to markets. In the field, drone-based detection, combined with AI-generated agronomic advice, is optimizing farm operations and making precision farming accessible at scale. In operations, AI-driven demand forecasting is streamlining logistics networks and supply chain efficiency. Together, these advances represent a step change in what modern agriculture can achieve.
Originally from Italy, Corsi has a graduate degree in Chemistry from the University of Florence, Italy, and holds a PhD from University College London, UK. She co-sponsors Syngenta’s Women Leading in Science network, is a keen advocate for women and girls in STEM, and for the next generation of female science leaders.
About Syngenta
Syngenta is a leading science-based agricultural technology (AgTech) company, creating Breakthroughs for farmers, in every field™ to help meet the demands of modern agriculture. Using cutting-edge innovation, and guided by its Sustainability Goal of higher yields with lower impact, Syngenta helps farmers to grow resilient, healthy crops that can feed a growing global population, while protecting and enhancing the planet. Syngenta employs more than 30,000 employees in over 90 countries and is part of Syngenta Group. It consists of two business units: Syngenta Crop Protection, headquartered in Switzerland, and Syngenta Seeds, headquartered in the United States.
To find out more about how Syngenta creates breakthroughs for farmers around the world, read our stories and follow us on social media.
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Cautionary Statement Regarding Forward-Looking Statements
This document may contain forward-looking statements, which can be identified by terminology such as “expect,” “would,” “will,” “potential,” “plans,” “prospects,” “estimated,” “aiming,” “on track” and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta Group, such risks and uncertainties include, amongst others, risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, refinancing risk, interest rate fluctuations and access to capital markets, compliance and remediation, evolving environmental and sustainability regulations, changes in agricultural policies or subsidy regimes, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or grain prices, supply chain disruptions, (geo)political risks, trade restrictions, sanctions, and export controls, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
©2026 Syngenta. Rosentalstrasse 67, 4058 Basel, Switzerland.
Camilla Corsi, Syngenta Head of CP Research & Development
Camilla Corsi, Syngenta Head of CP Research & Development
