UK cryptocurrency platform Fasset secures $22m Series A funding
Fasset, a platform that enables cryptocurrency trading, raised $22 million in a Series A funding round that it will use to develop new products and expand its digital asset-driven remittance services in Asia. The new investment in the London company, which offers zero per cent trading fees, was led by New York-based Liberty City Ventures and Pakistan's Fatima Gobi Ventures. Soma Capital and MyAsiaVC also participated in the round, it said in a statement on Friday. The funding comes a day after the financial technology company said it had received authorisation to expand its operations in the EU, which will allow it to connect the remittance corridors of the global diaspora to their home markets. Fasset is focused on promoting "financial inclusion and democratising access to opportunity by enabling a new wave of digital asset owners in our target emerging markets", said Mohammad Raafi Hossain, co-founder and chief executive of Fasset. "Asset ownership is the stronges...