Fin.com raises $20M to expand stablecoin payments

Fin.com has raised $20 million in seed funding as the New York payments startup expands infrastructure for moving stablecoins into local bank accounts and digital wallets. Summary Fin.com raised $20 million in seed funding led by Expa and Uber cofounder Garrett Camp. Coinbase Ventures, Tenet Fund, Figure founders and several other investors participated in the financing round. Fin.com targets South Asia, Africa and the Middle East with stablecoin-based cross-border payment infrastructure services. The company says its platform supports 40-plus currencies and payouts across more than 30 countries. Stablecoin market capitalization stands near $305 billion, according to current DeFiLlama data tracked globally today. Fortune reported on Sept. 15 that the financing 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. Fin.com did not disclose its valuation. Founded by Nabeel Alamgir and Mustafa Dar, the company is building white-label payment infrastructure that lets business...