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Mohammad Raafi Hossain

Co-founder and CEO, Fasset · Digital finance

ROOTSBangladesh RISINGLos Angeles, USA

His Sharia-compliant digital banking and investment company raised a $51 million Series B in 2026.

Mohammad Raafi Hossain is the Bangladesh-born co-founder and chief executive of Fasset, which offers Sharia-compliant digital banking and investment for emerging markets.

In May 2026 Fasset raised a $51 million Series B, with Japan's SBI Group and Investcorp among the investors. The company says it handles more than $32 billion in yearly transactions and has over 2 million wallets in 125 countries, with regulatory approvals in the UAE, Indonesia, the EU, Türkiye, Pakistan and Malaysia.

Sources: The Daily Star

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