Fasset

Dubai, United Arab Emirates Founded: 2019 • Age: 7 yrs
Fasset is recognized as a financial super app for managing investments and payments.
Annual revenue - Latest available
Total funding $73.0M 3 rounds
Employees 95 Tracked headcount
Investors 8 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

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 $73 million across 3 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
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Fasset Limited
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $73 M (USD)

    in 3 rounds

  • Latest Funding Round
    $51 M (USD), Series B

    May 14, 2026

  • Investors
  • 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.

Product name locked
Category locked
Primary

Financial tools are provided for investments and payments.

Product name locked
Category locked
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Secure fund transfers are enabled worldwide with ease.

Product name locked
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Assets are tokenized for distribution in integrated ecosystems.

People of Fasset

Headcount 50-200
Employee Profiles 24
Employee Profiles
People
Altof N.
Senior Product Manager
People
Hina Aziz
Engineering Manager
People
Mohamed Nawaz ACCA UAECA
Head Of Finance
People
Thisara Shaminda
Group Accountant

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Funding Insights of Fasset

Fasset has successfully raised a total of $73M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $51 million completed in May 2026. 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.

Investors in Fasset

Fasset has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Liberty City Ventures, Fatima Gobi Ventures and Soma Capital.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital and incubation are provided for blockchain technology firms.
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Tech startups are funded by this venture capital firm.
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Early-stage investments are provided by Soma Capital to startups.
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Investor details for Fasset

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  • Investor domains
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  • Participation history

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Investments & Acquisitions by Fasset

Fasset has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DAO PropTech.

Investments
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Investment portfolio details for Fasset

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  • Portfolio identities
  • Transaction dates
  • Round details
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Alternative platform focused on real estate projects
Locked Locked 2020 Locked
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Complete acquisition details for Fasset

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  • Domains and locations

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Financial Statements - Fasset

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Detailed financials for Fasset

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Fasset Comparisons

Fasset Primary company
Description
Fasset is recognized as a financial super app for managing i...
Location
Dubai, United Arab Emirates
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
95
As of 2021
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Peer comparison for Fasset

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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.

Company Name Domain Founded year HQ Location Description
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Online exchange platform for cryptocurrency
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Crypto-as-a-service infrastructure is delivered for digital asset integration.
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Decentralized financial products are enabled via a DeFi platform.
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Blockchain platform for financial applications is provided as a service.
Locked Locked Locked
Blockchain-based sports betting platform using cryptocurrency is offered.
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Detailed competitors of Fasset

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Latest news on Fasset

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Complete news archive for Fasset

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Fasset

Fasset was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Fasset is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.

Mohammad Raafi Hossain is the current CEO of Fasset. They have also founded this company.

Fasset is a funded company, having raised a total of $73M across 3 funding rounds to date.

As of Jan 31, 2021, the latest employee count at Fasset is 95.

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.

Fasset's top competitors include Binance, Zumo and Blueprint Finance.

Fasset offers Fasset Super App, Fasset Connect Network, and Tokenization Platform.

Fasset has made 1 acquisition, including DAO PropTech.

Fasset has 8 investors. Key investors include Liberty City Ventures, Fatima Gobi Ventures, Soma Capital, MyAsiaVc, and Ceras Ventures.

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