Fasset - About the company
Fasset is a series A company based in Dubai (United Arab Emirates), founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed. It operates as a Blockchain-based platform to buy and sell crypto assets and tokens. Fasset has raised $22M in funding from Liberty City Ventures and Fatima Gobi Ventures. The company has 140 active competitors, including 39 funded and 5 that have exited. Its top competitors include companies like Blueprint Finance, Zumo and Margarita Finance.
Company Details
Blockchain-based platform to buy and sell crypto assets and tokens. Users are allowed to purchase cryptocurrencies and real-asset tokens with their local currency on the platform. Users need to verify their identity, choose a payment method, and start exploring and buying.
- Website
- fasset.io
- Social
- Email ID
- *****@fasset.io
- Registered Address
- PEAT HOUSE,1 WATERLOO WAY,LEICESTER,ENGLAND,LE1 6LP
Key Metrics
Founded Year
2019
Location
Dubai, United Arab Emirates
Stage
Series A
Total Funding
$22M in 2 rounds
Latest Funding Round
Investors
Ranked
2nd among 140 active competitors
Employee Count
95 as on Jan 31, 2021
Investment & Acquisitions
Similar Companies
Legal entities associated with Fasset
Fasset is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FASSET LIMITED CIN: 5422389 , United Kingdom, Active | Apr 11, 2005 | - | 95 (As on Jan 31, 2021) |
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Fasset's funding and investors
Fasset has raised a total funding of $22M over 2 rounds. Its first funding round was on May 01, 2021. Its latest funding round was a Series A round on Apr 21, 2022 for $*****. 4 investors participated in its latest round. Fasset has 7 institutional investors.
Here is the list of recent funding rounds of Fasset:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 21, 2022 | 7480988 | Series A | 7076657 | 1601670 | 3834298 | 2640932 |
May 01, 2021 | 5755087 | Seed | 8279235 | 4834431 | 7098103 |
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Fasset's founders and board of directors
Founder? Claim ProfileThe founders of Fasset are Mohammad Raafi Hossain and Daniel Ahmed. Mohammad Raafi Hossain is the CEO of Fasset.
Here are the details of Fasset's key team members:
- Mohammad Raafi Hossain: Co-Founder & CEO of Fasset.
- Daniel Ahmed: Co-Founder & COO of Fasset.
View details of Fasset's Founder profiles and Board Members
Fasset's employee count trend
Fasset has 95 employees as of Jan 21. The total employee count is 43.0% lower than what it was in Jan 20. Here is Fasset's employee count trend over the years:
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Fasset's Competitors and alternates
Top competitors of Fasset include Blueprint Finance, Zumo and Margarita Finance. Here is the list of Top 10 competitors of Fasset, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Blueprint Finance 2022, San Francisco (United States), Series A | Provider of financial services and wealth management solutions | $17M | 59/100 | |
2nd | Fasset 2019, Dubai (United Arab Emirates), Series A | Blockchain-based platform to buy and sell crypto assets and tokens | $22M | 55/100 | |
3rd |  Zumo 2018, London (United Kingdom), Series B | Crypto-as-a-service platform offering embedded crypto solutions | $32M | 54/100 | |
4th | Margarita Finance 2024, Zurich (Switzerland), Seed | Provider of decentralized finance platform | $1M | 53/100 | |
5th | Diversified solution for cryptocurrency | - | 52/100 | ||
6th | Blockchain-based network for Defi applications in the finance industry | $6.71M | 52/100 | ||
7th |  Impossible Finance 2021, Singapore (Singapore), Series A | DeFi platform for providing decentralized financial products | $7M | 51/100 | |
8th | Blockchain-based infrastructure for the DeFi industry | $34M | 50/100 | ||
9th | Provider of layer 1 web3 aggregated platform | $7.9M | - | 48/100 | |
10th | Accountable 2024, Road Town (British Virgin Islands), Seed | Provider of decentrailzed lending and borrowing | $10M | 46/100 |
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Fasset's Investments and acquisitions
Fasset has acquired DAO PropTech. Fasset has not made any investments as of now.Reports related to Fasset
Here is the latest report on Fasset's sector:
News related to Fasset
Filter this list•
Digital asset brokerage Fasset secures VASP license from Dubai VARAGCC Business News•Nov 30, 2023•Fasset, Fasset
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Allied Bank Synapsify and Fasset collaborate on Web 3.0 initiativeThe Paypers•Sep 25, 2023•Allied Bank, Synapsify, Fasset
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Fasset Launches “Super App,” Reports One Million Sign Ups in First WeekCrowdfund Insider•Aug 07, 2023•Fasset, Fasset
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Minted andd Fasset team to deliver tokenised precious metals to businessesFinextra•May 09, 2023•Minted, Fasset, Fasset
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Khalid Dannish, Former CEO of Bahrain Fintech Bay, JoinsBusinessFortNight•Jan 20, 2023•Fasset, Barclays Investment Bank, J P Morgan, Mastercard and 1 other
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Fasset Joins Hands with Academia to Start a Web3.0 Movement from Bahria UniversityProPakistani•Oct 17, 2022•Fasset, Bahria University
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Cryptocurrency platform Fasset secures $22m Series A fundingThe National•May 02, 2022•Fasset, Liberty City Ventures, Fatima Gobi Ventures, Soma Capital and 1 other
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Fasset enters into strategic cooperation Creek Capital’s SirajPower to accelerate growth of solar industry in MENA regionMEConstructionNews.com•Apr 27, 2022•Fasset, Creek Capital
•
Startup Betting on Crypto Appeal in Islamic World Raises FundsBloombergQuint•Apr 15, 2022•Fasset, Liberty City Ventures, Fatima Gobi Ventures, Fasset and 3 others
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