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.
