What it sells
Stablecoin-powered Islamic digital bank offering wallets, metal cards, OTC desk and white-label Fasset Engine API for institutions.
Business model breakdown
Buyer: who owns the budget?
Individual consumers and crypto-active retail users globally; also Business and Institutional lines (OTC desk, Fasset Pay, Engine API).
Trigger: what makes them buy now?
UnverifiedNeed for interest-free (Islamic) savings, cross-border money movement and a global card with rewards from one account.
Workflow: what inputs become what output?
Open app account, hold stablecoin/multi-currency balances, spend with Visa metal card for cashback points, transfer globally, invest interest-free.
Economics: what it saves and how it charges
UnverifiedCard interchange, OTC and API/white-label fees (rewards paid in OWN points and USDT).
Distribution: how it reaches customers
UnverifiedMobile app plus B2B partnerships (e.g. Ajman Bank MoU).
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-08-23 | Series C | $68M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.