Fin.com Raises 20 Million USD Seed to Deliver Stablecoins Into Local Bank Accounts and Mobile Wallets

Fin.com, a New York payments startup building rails that move stablecoins into local bank accounts and mobile wallets, has raised 20 million USD in seed funding. Fortune reported on September 15 that the round 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. The company did not disclose its valuation. Founded by Nabeel Alamgir and Mustafa Dar, Fin.com is building white-label infrastructure that lets businesses collect, convert and distribute money using a mixture of stablecoins and local banking rails, with South Asia, Africa and the Middle East identified as priority regions. Alamgir, who previously founded restaurant technology company Lunchbox, framed the mission as solving the last mile delivery problem: getting digital dollars out of stablecoin rails and into spendable local currency. Dar joined Expa as an investor in 2023 after stepping away from private aviation company 24/7 Jet, and the pair began building Fin.com after reconnecting in late 2025. Expa founding partner Vitor Lourenço joined the investment after Dar moved from prospective investor to cofounder. One API from wire input to mobile-money payout The product targets the point in cross-border payments where blockchain settlement still depends on conventional financial systems. Through a single API, businesses can accept bank transfers, international wires and stablecoins, then send payouts to bank accounts, mobile wallets and local payment networks. The platform lists support for more than 40 currencies and payouts across over 30 countries, with USDC and USDT as settlement assets. On the collection side, Fin.com supports local methods including ACH, SEPA, Faster Payments, PIX and UPI. On the payout side, mobile-money services such as M-Pesa, GCash and Airtel Money are listed among available routes, with routing technology that selects paths based on speed, cost and availability. The company claims most transfers settle in under 60 minutes, against the two-to-five-business-day window it assigns to conventional cross-border banking. Those performance figures are company claims and will vary by corridor, banking partner, currency and compliance requirements. The crypto service supports BTC, ETH, USDC and USDT, with options for automatic conversion into fiat and payouts to external wallets. The company says it performs wallet screening, transaction monitoring and Travel Rule processing on covered transfers, and its documentation lists exchanges including Crypto.com and Kraken among supported payment channels. Corridor examples and the licensing picture For South Asian corridors, Fin.com says it supplies infrastructure supporting local-currency accounts and stablecoin settlement for recipients of Indian rupees, Philippine pesos and Pakistani rupees. For African routes, it describes connecting USDC settlement with local currencies including the Nigerian naira and Kenyan shilling, positioning stablecoins as the middle settlement layer while recipients receive local money through banking or mobile-payment networks. These are company case studies rather than independently audited transaction data. The legal structure matters as the company expands. Fin Inc. is a Delaware holding company, while regulated activities run through separate entities and payment partners. Current disclosures state that Wind Technologies holds a Dubai Financial Services Authority Innovation Testing Licence, which is limited to approved testing conditions. The company’s licensing page notes the UAE authorization is not unrestricted permission for full-scale financial activity, that some standard protections may not apply during the testing phase, and that financial transactions under the relevant entity cannot begin until an approved client-money account is in place. Beyond New York, Fortune reported operations or offices in Las Vegas, Dubai, Dhaka, Bangalore and Lahore. Fin.com says its business customers collectively serve more than 800 million end users, though it declined to identify those clients. The seed capital is earmarked for continuing to build the cross-border network across its selected markets. A crowded, well-funded lane Fin.com enters a market where venture firms have kept financing companies connecting stablecoins with bank accounts and local payment networks. TransFi raised 19.2 million USD in March to expand stablecoin payment infrastructure across South Asia, Southeast Asia, Africa, the Middle East and Latin America, combining 14.2 million USD of Series A equity with a 5 million USD liquidity facility. In June, El Dorado secured a 9 million USD Series A led by Paradigm with Coinbase Ventures participating, expanding stablecoin-powered payments across Latin America after processing more than five million transactions. More recently, Latitude raised 35 million USD in a Series A announced the week ending September 11, placing stablecoin cross-border infrastructure among the larger crypto venture deals immediately before Fin.com’s round. The funding environment has held up in this niche even as broader crypto venture activity cooled. Coinbase Ventures, Fin.com’s most recognizable backer here, was the most active crypto-focused venture investor during the first half of 2026 with 30 completed investments, with payments, DeFi and AI among its main targets. Total stablecoin market capitalization now sits near 305 billion USD according to DeFiLlama, with Tether’s USDT accounting for roughly 60.1 percent of supply and USDC second. That context explains why an early-stage, 20 million USD raise in this lane draws attention beyond its size. Stablecoin settlement is increasingly treated as solved; delivery into a Kenyan mobile wallet or a Pakistani bank account is not. If Fin.com’s single-API model works at corridor scale, it competes on the unglamorous last mile where the remaining margin in cross-border payments actually lives. If it does not, the crowded field of TransFi, El Dorado, Latitude and others suggests investors are prepared to keep funding alternatives until someone does.