Fin.com has raised $20 million in seed funding as the New York payments startup expands infrastructure for moving stablecoins into local bank accounts and digital wallets.
Summary
- Fin.com raised $20 million in seed funding led by Expa and Uber cofounder Garrett Camp.
- Coinbase Ventures, Tenet Fund, Figure founders and several other investors participated in the financing round.
- Fin.com targets South Asia, Africa and the Middle East with stablecoin-based cross-border payment infrastructure services.
- The company says its platform supports 40-plus currencies and payouts across more than 30 countries.
- Stablecoin market capitalization stands near $305 billion, according to current DeFiLlama data tracked globally today.
Fortune reported on Sept. 15 that the financing closed in August and was led by Expa and Uber cofounder Garrett Camp, with Coinbase Ventures, Tenet Fund, founders of Figure, Mesh founder Bam Azizi, Second Sight Ventures and investors linked to sovereign and royal family offices in the Gulf and Africa participating. Fin.com did not disclose its valuation.
Founded by Nabeel Alamgir and Mustafa Dar, the company is building white-label payment infrastructure that lets businesses collect, convert and distribute money using a mixture of stablecoins and local banking rails. Its focus includes South Asia, Africa and the Middle East, regions the founders identified as central to the company’s expansion strategy.
Fin.com funding targets the stablecoin-to-fiat gap
Fin.com’s product focuses on a point in cross-border payments where blockchain settlement still depends on conventional financial systems: delivering digital dollars as spendable local currency. Alamgir described the company’s objective as solving the “last mile delivery problem,” referring to the process of moving funds from stablecoin rails into bank accounts and wallets.
Through one API, Fin.com says businesses can accept bank transfers, international wires and stablecoins while sending payouts to bank accounts, mobile wallets and local payment networks. Its current platform lists support for more than 40 currencies and payouts across over 30 countries, with USDC and USDT available as settlement assets.
The service supports local methods including ACH, SEPA, Faster Payments, PIX and UPI. On the payout side, Fin.com lists mobile-money services such as M-Pesa, GCash and Airtel Money among the available routes. The company says its routing technology selects payment paths based on factors such as speed, cost and availability.
Fin.com claims most transfers can settle in under 60 minutes, compared with the two-to-five-business-day window it assigns to conventional cross-border banking. The performance figures are company claims and will vary by corridor, banking partner, currency and compliance requirements.
Expa backed Fin.com after working with its founders
Fin.com’s relationship with Expa developed before the seed announcement. Dar joined Expa as an investor in 2023 after stepping away from private aviation company 24/7 Jet, while Alamgir previously founded restaurant technology company Lunchbox. The pair began working on Fin.com after reconnecting in late 2025.
Expa now lists Fin.com among its portfolio companies and describes the startup as an operating system for cross-border payments. The venture firm says the platform combines local payment networks with stablecoins for settlement through a single API. Expa identifies Alamgir and Dar as the founders and places the company in New York City.
Fortune reported that Expa founding partner Vitor Lourenço joined the investment after Dar moved from prospective investor to company cofounder. Garrett Camp, who founded Expa and co-founded Uber, participated in the seed financing.
Other investors bring direct exposure to crypto infrastructure and payments. Coinbase Ventures was the most active crypto-focused venture investor during the first half of 2026, completing 30 investments, according to data previously covered by crypto.news. Payments, DeFi and AI ranked among the main areas attracting its capital.
Fin.com focuses on emerging-market payment corridors
Fin.com has identified South Asia, Africa and the Middle East as priority regions. Besides New York, Fortune reported that the company has operations or offices in Las Vegas, Dubai, Dhaka, Bangalore and Lahore.
Its website gives several examples of how those corridors can work. For South Asian payments, Fin.com says it supplies infrastructure supporting local-currency accounts and stablecoin settlement for users receiving Indian rupees, Philippine pesos and Pakistani rupees. The examples are company case studies and should not be treated as independently audited transaction data.
For African routes, the company says its infrastructure can connect USDC settlement with local currencies including Nigerian naira and Kenyan shillings. Fin.com positions stablecoins as the middle settlement layer while recipients receive local money through banking or mobile-payment networks.
Its crypto service supports BTC, ETH, USDC and USDT, with options for automatic conversion into fiat and payouts to external wallets. Fin.com says it performs wallet screening, transaction monitoring and Travel Rule processing on covered transfers. Crypto payment documentation lists exchanges including Crypto.com and Kraken among supported payment channels.
The company’s legal structure remains relevant as it expands. Fin Inc. is a Delaware holding company, while regulated activities run through separate entities and payment partners. Current legal disclosures state that Wind Technologies holds a Dubai Financial Services Authority Innovation Testing Licence, which is limited to approved testing conditions.
Fin.com’s licensing page says the UAE authorization is not unrestricted permission for full-scale financial activity and notes that some standard protections may not apply during the testing phase. It states that financial transactions under the relevant entity cannot begin until an approved client-money account is in place.
Stablecoin payment infrastructure keeps drawing capital
Fin.com enters a market where venture firms have continued financing companies connecting stablecoins with bank accounts and local payment networks.
TransFi raised $19.2 million in March to expand stablecoin payment infrastructure across South Asia, Southeast Asia, Africa, the Middle East and Latin America. Its financing combined $14.2 million of Series A equity with a $5 million liquidity facility.
In June, El Dorado secured a $9 million Series A led by Paradigm, with Coinbase Ventures participating. The company said it was expanding stablecoin-powered payments across Latin America after processing more than five million transactions.
More recently, crypto.news reported that stablecoin payments startup Latitude raised $35 million in a Series A during the week ended Sept. 11, placing stablecoin cross-border payment infrastructure among the larger crypto venture deals announced immediately before Fin.com’s funding.
Current DeFiLlama data puts the total stablecoin market capitalization near $305 billion, with Tether’s USDT accounting for roughly 60.1% of supply and USDC remaining the second-largest stablecoin.
Fin.com said its business customers collectively serve more than 800 million end users, although it declined to identify those clients in Fortune’s report. The company plans to use the seed capital to continue building its cross-border network and payment infrastructure across the markets it has selected for expansion.
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