About Fasset
Fasset is a company based in Dubai (United Arab Emirates) founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed. It operates as a FinTech, and SaaS (Software-as-a-Service). Fasset has raised $22 million across 2 funding rounds from investors including Liberty City Ventures, Fatima Gobi Ventures and Soma Capital. The company has 95 employees as of January 31, 2021. Fasset has completed 1 acquisition, including DAO PropTech. Fasset offers products and services including Fasset Super App, Fasset Connect Network, and Tokenization Platform. Fasset operates in a competitive market with competitors including Binance, Zumo, Impossible Finance, Yunphant and BetDEX, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 95 as on 31 Jan, 2021
- Founders Mohammad Raafi Hossain, Daniel Ahmed
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fasset Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22 M (USD)
in 2 rounds
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Latest Funding Round
$22 M (USD), Series A
Apr 21, 2022
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Investors
Liberty City Ventures
& 4 more
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Employee Count
95
as on Jan 31, 2021
- Investments & Acquisitions
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Products & Services of Fasset
Fasset offers a comprehensive portfolio of products and services, including Fasset Super App, Fasset Connect Network, and Tokenization Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial tools are provided for investments and payments.
Secure fund transfers are enabled worldwide with ease.
Assets are tokenized for distribution in integrated ecosystems.
Unlock access to complete
Funding Insights of Fasset
Fasset has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $22.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Fasset | Valuation | Liberty City Ventures , Fatima Gobi Ventures | |
| May, 2021 | Amount | Seed - Fasset | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fasset
Fasset has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Liberty City Ventures, Fatima Gobi Ventures and Soma Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and incubation are provided for blockchain technology firms.
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Founded Year | Domain | Location | |
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Tech startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Soma Capital to startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fasset
Fasset has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DAO PropTech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Alternative platform focused on real estate projects
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fasset
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fasset Comparisons
Competitors of Fasset
Fasset operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Binance, Zumo, Impossible Finance, Yunphant and BetDEX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Crypto-as-a-service infrastructure is delivered for digital asset integration.
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| domain | founded_year | HQ Location |
Decentralized financial products are enabled via a DeFi platform.
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| domain | founded_year | HQ Location |
Blockchain platform for financial applications is provided as a service.
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| domain | founded_year | HQ Location |
Blockchain-based sports betting platform using cryptocurrency is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fasset
Frequently Asked Questions about Fasset
When was Fasset founded?
Fasset was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Fasset located?
Fasset is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Fasset?
Mohammad Raafi Hossain is the current CEO of Fasset. They have also founded this company.
Is Fasset a funded company?
Fasset is a funded company, having raised a total of $22M across 2 funding rounds to date.
How many employees does Fasset have?
As of Jan 31, 2021, the latest employee count at Fasset is 95.
What does Fasset do?
Fasset is established as an all-in-one financial super app designed for individuals and businesses. Digital and real-world assets are managed securely from any location worldwide. Investment opportunities are provided alongside tools for wealth management. Tokenized assets, including stocks, bonds, and precious metals, are offered within a blockchain-based ecosystem. Payment solutions and cross-border transactions are facilitated through the Fasset Connect Network. The platform is focused on emerging markets, emphasizing ethical and inclusive financial services. Security of funds and data is prioritized to ensure user confidence.
Who are the top competitors of Fasset?
Fasset's top competitors include Binance, Zumo and Blueprint Finance.
What products or services does Fasset offer?
Fasset offers Fasset Super App, Fasset Connect Network, and Tokenization Platform.
How many acquisitions has Fasset made?
Fasset has made 1 acquisition, including DAO PropTech.
Who are Fasset's investors?
Fasset has 5 investors. Key investors include Liberty City Ventures, Fatima Gobi Ventures, Soma Capital, MyAsiaVc, and Ceras Ventures.
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