Fin.com, a New York-based payments startup, raised $20 million to expand its stablecoin payment services. The company wants to help businesses move money across borders using digital dollars instead of slow bank transfers.
Fin.com raises $20 million
Fin.com announced a $20 million seed round on September 15, 2026, according to an exclusive report by Fortune. The financing actually closed a month earlier, in August 2026. For related coverage, see Ripple to Place XRP Branding on Louisville Basketball Court.
Fin.com seed funding
$20 million
A seed round is the first major batch of outside money a young company raises. Fin.com used the announcement to emerge from stealth, meaning it had been operating quietly until now. For related coverage, see DeFi Bridge Hack: 25 Cents in Bitcoin, 46 Billion Fake BTC.
The company was cofounded by Nabeel Alamgir and Mustafa Dar. Its own website independently displays a banner confirming the 20M seed round and links directly to the Fortune story. For related coverage, see Binance Launches ETF Wealth Management With 11 U.S. ETFs.
The round was led by the venture firm Expa and Uber cofounder Garrett Camp. Participants included Coinbase Ventures, Tenet Fund, the founders of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and sovereign and royal family offices in the Gulf and Africa. The founders declined to disclose the company’s valuation. For related coverage, see ARMA Heads to Wednesday Markup Amid US Bitcoin Reserve Debate.
Funding targets stablecoin payments expansion
Fin.com plans to use the money to expand stablecoin payments. Stablecoins are cryptocurrencies pegged to a stable value, usually one U.S. dollar, so their price barely moves.
The company sells white-label payment infrastructure to businesses, including financial-services firms, consumer platforms and prediction markets. White-label means other companies use Fin’s technology under their own brand.
Its core focus is the “last mile” of a payment. Alamgir said the company wants to solve the last mile delivery problem, meaning it converts stablecoin value into local bank accounts and wallets that ordinary people can actually use.
The founders named South Asia, Africa and the Middle East as key markets, with offices in New York, Las Vegas, Dubai, Dhaka, Bangalore and Lahore. These regions often have slow or costly cross-border banking, which stablecoins aim to improve.
One example comes from Fin’s own March 3, 2026 case study about the payroll firm Cadana. Fin says it provides mass payouts and converts USDC into local currency at payout across 40+ countries, within Cadana’s broader 120+ country payroll footprint. USDC is a widely used dollar-pegged stablecoin, currently trading right around $1. These are company-described figures and are not independently audited.
The broader interest in stablecoin rails follows new U.S. rules, including proposed OCC rules on stablecoin redemptions. Fin says it handles identity and anti-money-laundering checks itself, but the funding does not grant it any regulatory approval.
What remains unspecified about the expansion
The available information does not spell out a detailed rollout timeline for the expansion. Fin has named target regions, but not dated commitments to launch in specific new countries.
There is also no breakdown of how the $20 million will be spent, and no disclosed hiring targets or product launch dates. Regular readers should treat the raise as a starting point, not a finished expansion.
No transaction volumes or user-adoption figures were provided to measure the scale of Fin’s payments business. That makes it hard to judge how big the expansion really is.
These are gaps in the currently available information, not proof that Fin.com withheld or never disclosed them. For newcomers, the practical takeaway is simple: a funded startup wants to make sending digital dollars across borders as easy as a normal bank transfer, but the results still need to be proven.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
