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
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Fasset Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$73 M (USD)
in 3 rounds
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Latest Funding Round
$51 M (USD), Series B
May 14, 2026
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Investors
Liberty City Ventures
& 7 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.
Financial tools are provided for investments and payments.
Secure fund transfers are enabled worldwide with ease.
Assets are tokenized for distribution in integrated ecosystems.
People of Fasset
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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.
| Investor | Description | Founded Year | Domain | Location |
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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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Investments & Acquisitions by Fasset
Fasset has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DAO PropTech.
Investment portfolio details for Fasset
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Alternative platform focused on real estate projects
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Complete acquisition details for Fasset
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- Transaction dates
- Acquired stakes
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Financial Statements - Fasset
Detailed financials for Fasset
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Fasset Comparisons
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.
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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
Complete news archive for Fasset
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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.