Fin.com Raises $20 Million to Fix Stablecoin’s Last-Mile Payment Gap

NEW YORK — Fin.com has emerged from stealth with $20 million in seed funding as it builds infrastructure for converting digital dollars into local currency across South Asia, Africa, and the Middle East. The financial technology startup is targeting the final off-ramp step, where assets held on public blockchains must reach bank accounts and digital wallets.

The company’s name abbreviates “finishing the job,” a reference to that final payout stage in cross-border settlement. Both co-founders have the company’s name tattooed on their bodies.

Global stablecoin activity has expanded alongside demand for cheaper international transfers. Businesses and individuals in emerging markets use U.S. dollar-pegged tokens to hedge against local currency inflation and avoid legacy banking friction. DeFiLlama tracking data showed that the total stablecoin market capitalization exceeded $305 billion in September, increasing more than 77% year-over-year.

Fin.com’s $20 million round closed in August. Venture firm Expa and Uber co-founder Garrett Camp led the financing, which also included Coinbase Ventures, Tenet Fund, Second Sight Ventures, Mesh founder Bam Azizi, the founders of blockchain lender Figure, and several sovereign and royal family offices across the Gulf region and Africa.

World Bank data puts annual global cross-border remittances to low- and middle-income countries above $650 billion, while total international money transfers exceed $800 billion. Traditional remittance corridors and correspondent banking networks that operate through SWIFT typically charge average transaction fees of 6% to 8%. In high-cost regions across Sub-Saharan Africa and South Asia, fees can exceed 10%, and settlement can take three to five business days.

Tokens including Tether (USDT) and Circle’s USD Coin (USDC) provide lower-cost ways to move capital internationally, but on-chain balances still need direct connections to domestic clearing networks, mobile money systems, and commercial banks before they can be spent locally.

Fin.com develops white-label payment tools for financial services firms, prediction markets, enterprise ecosystems, and consumer platforms. Its software automates crypto-to-fiat conversions and connects liquidity from major cryptocurrency exchanges, including Binance and Crypto.com, to localized banking rails. Users can fund accounts or withdraw money into regional bank accounts and mobile wallets, while companies can use the tools for corporate treasury transfers across international borders.

The company has not disclosed its private valuation or named specific corporate clients. Fin.com said, however, that platforms using its white-label infrastructure collectively serve more than 800 million users worldwide.

Its founders say personal experience as immigrants shaped the startup’s focus. Nabeel Alamgir was born in Bangladesh, raised in Kuwait, and moved to New York as a teenager. Before co-founding Fin.com, he co-founded Lunchbox, an enterprise restaurant technology company. Mustafa Dar was born in Pakistan, lived in Saudi Arabia, and moved to Los Angeles at age five. He founded private aviation charter firm 24/7 Jet in 2012, stepped down in 2023, and joined Expa as an investor.

After watching their families face multi-day delays and steep exchange surcharges when sending money overseas, Alamgir and Dar pursued settlement tools for underbanked populations. Alamgir met Dar in Los Angeles in late 2025 to propose the Fin.com concept, after which Dar left his investment position at Expa to become a co-founder.

Expa founding partner Vitor Lourenço replaced Dar as a co-investor in the funding round. “All of the Expa partners are immigrants. We grew up in different countries, so the opportunity of cross-border payments was very clear for us,” Lourenço said.

Alamgir described the company’s objective in aviation terms: “We believe that money movement is like a plane taking off from one airport, but it has to land somewhere else,” he said. “We want to solve the last mile delivery problem.”

Fin.com is headquartered in New York and has regional offices in Las Vegas, Dubai, Dhaka, Bangalore, and Lahore. Its operational teams are located within its primary target payment corridors in South Asia and the Middle East.

The startup is entering a market marked by consolidation and institutional investment. Stripe acquired stablecoin infrastructure platform Bridge for $1.1 billion in October 2024, one of the largest acquisitions in the digital asset sector to date. Visa, Mastercard, and PayPal have expanded stablecoin settlement and issuance capabilities, competing with specialized providers such as Circle and London-based BVNK.

Regulatory developments have also affected the sector. U.S. lawmakers passed the Genius Act in July 2025, creating a federal regulatory structure for dollar-pegged stablecoins. The legislation followed Europe’s Markets in Crypto-Assets (MiCA) framework, which established standardized operational rules for digital asset issuers and service providers across the European Union.