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Fasset uses stablecoin rails to move money across borders for small and medium-sized businesses.
Fasset raised $51 million in Series B funding backed by SBI Group and Investcorp.
KEY POINTS
- Fasset serves 1,000 business customers across 125 countries, focusing on emerging markets.
- The firm bypasses correspondent banking networks by using stablecoin rails for cross-border payments.
- Fasset is expanding into lending and trade finance to offset declining payment margin revenues.
COMPANIES
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