Fin.com Raises $20M Seed Round to Scale Stablecoin-to-Fiat Payments Across Emerging Markets
Key Takeaways
- Fin.com raised $20 million in seed funding led by Expa and Uber cofounder Garrett Camp, with Coinbase Ventures, Tenet Fund, and Figure founders participating.
- The New York-based startup builds white-label payment infrastructure enabling businesses to collect, convert, and distribute money using stablecoins and local banking rails.
- Fin.com supports over 40 currencies and payouts across more than 30 countries, with USDC and USDT as settlement assets and integration into ACH, SEPA, PIX, UPI, M-Pesa, GCash, and Airtel Money.
- The company claims most transfers settle in under 60 minutes versus two to five business days for conventional cross-border banking, though these figures are not independently audited.
- Fin.com operates under a Delaware holding company with regulated activities through separate entities, including a limited Dubai Financial Services Authority Innovation Testing Licence held by Wind Technologies.
Fin.com Secures $20M Seed Funding Led by Expa and Garrett Camp
New York-based payments startup Fin.com has closed a $20 million seed funding round, according to a Fortune report published on Sept. 15. The financing, which closed in August, was led by Expa and Uber cofounder Garrett Camp.
The round also drew participation from Coinbase Ventures, Tenet Fund, founders of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and investors tied to sovereign and royal family offices in the Gulf and Africa. Fin.com did not disclose its valuation.
Building the Last Mile for Stablecoin Payments
Founded by Nabeel Alamgir and Mustafa Dar, Fin.com is developing white-label payment infrastructure that enables businesses to collect, convert, and distribute money using a blend of stablecoins and local banking rails. The company targets South Asia, Africa, and the Middle East as its core expansion markets.
Alamgir described the company's mission as solving the "last mile delivery problem" — the challenge of moving funds from stablecoin rails into bank accounts and digital wallets.
Through a single 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.
Platform Supports 40+ Currencies and 30+ Countries
Fin.com's platform currently lists support for more than 40 currencies and payouts across over 30 countries, with USDC and USDT available as settlement assets.
On the local rails side, the service supports ACH, SEPA, Faster Payments, PIX, and UPI. Payout routes include mobile-money services such as M-Pesa, GCash, and Airtel Money.
The company says its routing technology selects payment paths based on speed, cost, and availability. Fin.com claims most transfers settle in under 60 minutes, compared with the two-to-five-business-day window it assigns to conventional cross-border banking.
These performance figures are company claims and will vary by corridor, banking partner, currency, and compliance requirements.
Expa's Deep Ties to Fin.com's Founders
Fin.com's relationship with Expa predates the seed announcement. Dar joined Expa as an investor in 2023 after leaving 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, describing the startup as an "operating system for cross-border payments" that combines local payment networks with stablecoins for settlement through a single API.
Expa founding partner Vitor Lourenço joined the investment after Dar transitioned from prospective investor to company cofounder. Garrett Camp, who founded Expa and co-founded Uber, participated in the seed financing.
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.
Emerging-Market Corridors and Compliance Framework
Besides New York, Fortune reported that Fin.com has operations or offices in Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.
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. 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.
The company 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.
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.
Stablecoin Infrastructure Attracts Continued Venture 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. More recently, stablecoin payments startup Latitude raised $35 million in a Series A during the week ended Sept. 11.
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. The company plans to use the seed capital to continue building its cross-border network and payment infrastructure across its selected markets.
Coinasity's Take
The $20 million seed round for Fin.com underscores a broader venture trend: investors are placing concentrated bets on the stablecoin-to-fiat conversion layer, not just on stablecoin issuance or blockchain settlement. The participation of Coinbase Ventures — the most active crypto VC in H1 2026 with 30 deals — signals that exchange-linked capital sees payment corridors in South Asia, Africa, and the Middle East as a critical growth vector.
However, the company's heavy reliance on company-claimed performance metrics and a limited UAE testing licence means execution risk remains elevated. The real test will be whether Fin.com can convert its 800 million end-user reach into audited, compliant transaction volume across dozens of regulated corridors.
DISCLAIMER
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve substantial risk and extreme volatility - never invest money you cannot afford to lose completely. The author may hold positions in the cryptocurrencies mentioned, which could bias the presented information. Always conduct your own research and consider consulting a qualified financial advisor before making any investment decisions.
About Alex Carter-Knight
Alex Carter-Knight is a veteran crypto trader, former Ethereum miner, and market analyst with 8+ years in the space. He breaks down institutional flows, on-chain data, and macro trends with clarity and edge.
“I don’t chase pumps. I chase logic.”
