Fin.com Emerges From Stealth With $20 Million to Bridge Stablecoins and Local Banking Rails
The New York-based startup, backed by Uber co-founder Garrett Camp's Expa and Coinbase Ventures, says it already routes cross-border payments across more than 40 currencies in over 30 countries.
NEW YORK — Fin.com came out of stealth mode Tuesday with $20 million in seed funding, positioning itself as infrastructure that lets businesses move money across borders by connecting stablecoins to local banking systems, mobile wallets and existing payment rails. The round, which closed in August, was led by Expa, the venture firm co-founded by Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, Second Sight Ventures and a number of family office investors, according to the company.
The company was founded by Nabeel Alamgir and Mustafa Dar and says it already supports money movement across more than 40 currencies in over 30 countries, pitching its product as white-label plumbing for businesses that want to offer cross-border payments without building stablecoin settlement and local payout integrations themselves.
Fin.com is entering a crowded field. Stablecoin-based cross-border settlement has drawn a wave of infrastructure players and bank pilots over the past year, from card networks experimenting with stablecoin payouts to messaging cooperatives testing shared ledgers for institutional transfers. Fin.com's pitch is narrower: rather than building consumer-facing products, it wants to be the layer other companies plug into to avoid negotiating separately with banks and wallets in each market they operate in.
The company has not disclosed revenue, customer count or specific corridors beyond the currency and country figures it provided at launch, and those figures have not been independently verified beyond the company's own statements. As with any early-stage infrastructure provider in this space, the more consequential questions — regulatory treatment in the jurisdictions it operates, counterparty risk on the banking side of each corridor, and how it holds up under stress in a market with limited liquidity — will depend on how the business performs once it is handling live customer volume rather than pilot traffic.