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Business

Exclusive: Expa and Coinbase Ventures-backed Fin.com emerges from stealth with $20 million seed round to build out global stablecoin infrastructure

Fortune ·
Exclusive: Expa and Coinbase Ventures-backed Fin.com emerges from stealth with $20 million seed round to build out global stablecoin infrastructure

The stablecoin boom has made it easier for people and businesses to move currencies across borders.

But converting those digital dollars into money that can reach local bank accounts or digital wallets remains a practical hurdle.

New York-based Fin.com is among the latest companies seeking to build the payment infrastructure that helps customers bridge that gap.

Cofounded by immigrant technology entrepreneurs Nabeel Alamgir and Mustafa Dar, Fin.com announced Tuesday that it has emerged from stealth with a $20 million seed round that closed in August.

The financing was led by Expa and Uber cofounder Garrett Camp, with participation from 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.

“We believe that money movement is like a plane taking off from one airport, but it has to land somewhere else,” Alamgir told Fortune .

“We want to solve the last mile delivery problem.” That mission inspired the name behind Fin.com, which serves as an abbreviation for “finishing the job.” Both founders have the company’s name tattooed on their bodies.

Fin.com sells white-label payment infrastructure to businesses, including financial services firms, consumer platforms and prediction markets.

The company said its tools allow prediction market users to fund wallets from exchanges such as Binance and Crypto.com, while helping platforms move corporate funds across borders.

Fin.com declined to identify specific clients but said they collectively serve more than 800 million users.

Alamgir and Dar declined to disclose the company’s valuation.

Building from experience Since Congress passed the Genius Act in July 2025, establishing a federal framework for dollar-pegged stablecoins in the United States, stablecoin activity has continued to expand globally.

The sector’s combined market capitalization surpassed $305 billion in September, up more than 77% from a year earlier, according to DeFiLlama data.

The growth has drawn a range of payments companies, including Circle and BVNK, along with Bridge, the stablecoin infrastructure provider owned by Stripe.

Read the full article on Fortune ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on fortune.com — the content belongs to Fortune.

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