Fin.com Raises $20M to Turn Stablecoins Into Local Currencies Across 30 Countries
Fin.com has raised $20 million in a seed round to turn stablecoins into local currencies across 30 countries. The company, founded by Nabeel Alamgir and Mustafa Dar, aims to simplify cross-border payments by leveraging stablecoins like USDC or USDT. With the funds, Fin.com plans to expand its country coverage and deepen integrations with local payment networks.
Fin.com's solution is a white-label platform that allows businesses to collect, convert, and distribute funds across multiple currencies and regions. The company has already integrated with mobile payment networks like M-Pesa and GCash, as well as banking systems such as India's UPI and Europe's SEPA.
The seed round was led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures and Tenet Fund. Fin.com is positioning itself as a key player in the stablecoin infrastructure space, which has seen significant growth since the passage of the US Genius Act in July 2025.