Fin raises $20M in seed funding led by Garrett Camp’s Expa to build stablecoin payments infrastructure

A payments startup called Fin.com just pulled in $20 million in seed funding to build the plumbing that connects stablecoins to the messy, fragmented world of local banking systems. The round was led by Expa, the venture studio founded by Uber co-founder Garrett Camp, with Coinbase Ventures, Tenet Fund, and sovereign family offices from the Gulf and Africa also writing checks.

The New York-based company emerged from stealth on September 15, having quietly closed the round in August. Its pitch: white-label infrastructure that lets enterprises collect, convert, and distribute funds by stitching together stablecoins with local payment rails and digital wallets. The platform already supports payouts in more than 30 countries and across over 40 currencies.

Solving the last mile with stable dollars

Fin.com was founded by Nabeel Alamgir and Mustafa Dar, who say they built the company out of personal frustration with sending money across borders. Their approach targets what they call the “last mile” problem in money movement. Stablecoins are fast and cheap when they stay on-chain, but the moment someone on the receiving end needs local currency in a local bank account, things get complicated. Fin.com positions itself as the translation layer between the blockchain world and the patchwork of regional financial systems.

The company builds white-label tools, meaning its enterprise clients, which include financial services firms, consumer platforms, and prediction markets, can embed Fin’s infrastructure into their own products without the Fin brand showing up anywhere. One notable design choice is that Fin.com operates as token-neutral infrastructure. It doesn’t tie itself to any specific stablecoin issuer, which means it can route through USDC, USDT, or whatever dollar-pegged token makes the most sense for a given corridor.

A $305 billion market finds its plumbers

The stablecoin market has ballooned to approximately $305 billion in total capitalization, and the regulatory picture in the US has clarified significantly since the Genius Act passed in July 2025. That legislation established a federal framework for dollar-pegged stablecoins, giving institutional players the legal certainty they needed to start building seriously on top of these assets.

Enterprise reach and the emerging market opportunity

Fin.com claims its enterprise clients collectively reach over 800 million users, a number that reflects the scale of the consumer platforms and financial services firms it’s targeting.

The geographic focus tells the real story. South Asia, Africa, and the Middle East are regions where traditional correspondent banking is slow, expensive, and sometimes simply unavailable. Remittance corridors in these areas have long been dominated by legacy operators charging fees that can eat 5% to 10% of a transfer.

A $20 million seed round is substantial but not extraordinary by current crypto-adjacent startup standards. What makes it notable is the investor composition: a mix of crypto-native capital from Coinbase Ventures, mainstream venture credibility from Garrett Camp’s Expa, and sovereign wealth from regions that stand to benefit most from better cross-border payment infrastructure.

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