When Ian Krotinsky and Aashiq Dheeraj worked at Citadel, they spent their nights and weekends on hacking projects. Krotinsky says that they built a version of Reddit where the user who made it to the front page would be paid $50. That’s when the two learned that sending money to people around the world was surprisingly difficult. This led them to co-found Fin, a stablecoin-powered app where people can instantly send money across borders—including large sums.
On Wednesday, Fin, formerly known as TipLink, announced it raised $17 million in funding led by Pantera Capital, with participation from Sequoia and Samsung Next. Krotinsky, the CEO, did not disclose his company’s valuation.
