Fin.com, headquartered in New York, has ended its stealth operation. The company disclosed that it completed a $20 million seed round of financing in August, and the funds will be used to build a stablecoin payment infrastructure for the global market, with a focus on solving the issues related to cross-border transfers being deposited into local accounts and digital wallets.
Financing is led by Expa.
This round of financing was led by Expa and Uber, co-founders of the startup, with participation from institutions such as Coinbase Ventures and Tenet Fund. The founders of Figure, Mesh, Bam Azizi, and Second Sight Ventures also participated in the investment, as did sovereign and royal offices from the Gulf region and Africa.
Fin.com has not disclosed the company's valuation.
Focus on white-label payment tools
The company provides white-label payment infrastructure for enterprises, with clients including financial service companies, consumer platforms, and predictive market platforms. Fin.com states that its tools enable users of predictive markets to top up their wallets from exchanges such as Binance and Crypto.com, and can also assist platforms in completing cross-border transfers of corporate funds.
The company has not made the specific list of clients public, but it indicates that its services reach a total of over 800 million users across various platforms.
Aiming for the last mile of stablecoins
The two co-founders, Nabeel Alamgir and Mustafa Dar, stated that stablecoins have made cross-border fund transfers smoother, but how digital dollars can enter local bank accounts or digital wallets remains a practical obstacle. The company hopes to fill this gap in infrastructure.
The two companies have identified South Asia, Africa, and the Middle East as key markets. In addition to their headquarters in New York, Fin.com also has offices in Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.
The stablecoin market continues to expand.
The report mentions that since the United States passed the Genius Act in July 2025, establishing a federal regulatory framework for stablecoins, stablecoin activity has continued to expand. DeFiLlama data shows that as of September, the total market value of stablecoins has exceeded $305 billion, an increase of over 77% from a year ago.
As the market expands, institutions such as Circle, BVNK, and Stripe, as well as their stablecoin infrastructure company Bridge, are also accelerating their strategic deployments. Fin.com believes that despite the crowded competition in this field, their team's personal experience in remittance services and cross-border payments allows them to better focus on the actual needs of emerging markets.
Additional information:Fin.com was co-founded by Nabeel Alamgir, who previously founded a catering technology company Lunchbox, and Mustafa Dar, the founder of the private jet company 24/7 Jet.
