Fin.com Emerges From Stealth With $20M Seed Round for Global Stablecoin Infrastructure
New York-based Fin.com has emerged from stealth mode with a $20 million seed funding round to develop infrastructure that facilitates the conversion of stablecoins into local bank deposits and digital wallets. The company, co-founded by Nabeel Alamgir and Mustafa Dar, aims to address what it calls the 'last mile delivery problem' in global money movement. Investors include Expa (led by Garrett Camp), Coinbase Ventures, Tenet Fund, and several royal family offices from the Gulf and Africa. Fin.com provides white-label payment tools for businesses such as financial services firms and prediction markets, enabling users to fund wallets directly from exchanges like Binance and Crypto.com. The company serves over 800 million end-users through unnamed clients but has not disclosed its valuation or specific customer names. With the recent growth in stablecoin adoption—now valued at $305 billion globally—the founders aim to focus on underbanked regions, including South Asia, Africa, and the Middle East. The company's global presence includes offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore. The personal experiences of both co-founders with international money transfers inspired Fin.com’s mission to improve financial infrastructure for cross-border transactions.
Tickers: $COIN