Fin.com Secures $20M Seed Funding to Enhance Stablecoin Payment Infrastructure

Fin.com, a payments startup based in New York, has successfully raised $20 million in seed funding aimed at building infrastructure that facilitates the use of stablecoins in local banking systems. The funding round, which closed in August, was led by Expa, the venture studio founded by Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, and various sovereign family offices from the Gulf and Africa.

The company emerged from stealth mode on September 15, presenting itself as a solution to the challenges of converting stablecoins into local currencies. Fin.com offers a white-label infrastructure that allows enterprises to collect, convert, and distribute funds seamlessly by integrating stablecoins with local payment rails and digital wallets. The platform currently supports payouts in over 30 countries and across more than 40 currencies.

Founded by Nabeel Alamgir and Mustafa Dar, Fin.com aims to address the “last mile” problem in money transfers, particularly in regions like South Asia, Africa, and the Middle East, where traditional banking systems can be slow and costly. The startup's approach allows users to transfer stablecoins quickly and inexpensively, converting them to local currency at the destination.

Fin.com operates as token-neutral infrastructure, meaning it can work with various stablecoin issuers, such as USDC and USDT, to optimize transactions based on specific corridors. The stablecoin market has seen significant growth, reaching an estimated $305 billion in total capitalization, especially following the passage of the US Genius Act in July 2025, which provided a clearer regulatory framework for stablecoins.

With a client base that collectively reaches over 800 million users, Fin.com is strategically positioned to capitalize on the demand for efficient cross-border payment solutions. The funding will enable the company to expand its country coverage and enhance integrations with local payment networks, making its platform increasingly robust and difficult to replicate.