Fin.com raises $20M to expand stablecoin payments

Fin.com, a New York‑based payments startup, announced a $20 million seed round to broaden its stablecoin‑to‑fiat cross‑border payment network. The round was led by Expa and Uber co‑founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, the founders of Figure, Mesh founder Bam Azizi, Second Sight Ventures and investors linked to sovereign and royal family offices in the Gulf and Africa.

Target markets and product scope

The company focuses on South Asia, Africa and the Middle East, regions it identifies as central to its expansion strategy. Its platform supports more than 40 currencies and enables payouts in over 30 countries. Through a single API, businesses can accept bank transfers, international wires and stablecoins, then disburse funds to local bank accounts, mobile wallets (such as M‑Pay, GCash and Airtel Money) and domestic payment networks.

Stablecoin settlement layer

Fin.com uses USDC and USDT as primary settlement assets, with optional conversion to fiat on the payout side. The service also lists BTC and ETH among supported crypto channels, and integrates with exchanges like Crypto.com and Kraken for on‑ramp and off‑ramp operations. The platform claims to route payments based on speed, cost and availability, with most transfers settling in under 60 minutes—significantly faster than the typical two‑to‑five‑business‑day window for traditional cross‑border banking.

Regulatory and operational structure

Fin.com operates as a Delaware holding company (Fin Inc.) with regulated activities conducted through separate entities and payment partners. In Dubai, Wind Technologies holds a DFSA Innovation Testing Licence, which limits activities to approved testing conditions and does not constitute full‑scale financial permission.

Funding context

The $20 million seed round adds to a wave of venture capital flowing into stablecoin‑payment infrastructure. Recent comparable deals include TransFi’s $19.2 million raise, El Dorado’s $9 million Series A, and Latitude’s $35 million Series A, all aimed at expanding stablecoin‑based cross‑border payments in emerging markets.

Use of proceeds

Fin.com plans to deploy the capital to extend its network, add new local payment routes, and enhance compliance capabilities such as wallet screening, transaction monitoring and Travel Rule processing.