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.
“We believe that money movement is like a plane taking off from one airport, but it has to land somewhere else,” Alamgir told Fortune. “We want to solve the last mile delivery problem.”
That mission inspired the name behind Fin.com, which serves as an abbreviation for “finishing the job.” Both founders have the company’s name tattooed on their bodies.
Fin.com sells white-label payment infrastructure to businesses, including financial services firms, consumer platforms and prediction markets. The company said its tools allow prediction market users to fund wallets from exchanges such as Binance and Crypto.com, while helping platforms move corporate funds across borders. Fin.com declined to identify specific clients but said they collectively serve more than 800 million users.
Alamgir and Dar declined to disclose the company’s valuation.
Building from experience
Since Congress passed the Genius Act in July 2025, establishing a federal framework for dollar-pegged stablecoins in the United States, stablecoin activity has continued to expand globally. The sector’s combined market capitalization surpassed $305 billion in September, up more than 77% from a year earlier, according to DeFiLlama data. The growth has drawn a range of payments companies, including Circle and BVNK, along with Bridge, the stablecoin infrastructure provider owned by Stripe.
Alamgir and Dar acknowledged they have entered a crowded market, but said their personal experience informs Fin.com’s focus on certain regions. The founders have identified South Asia, Africa and the Middle East as key markets. In addition to its New York headquarters, Fin.com has offices in Las Vegas, Dubai, Dhaka, Bangalore and Lahore.
Both experienced the challenges of sending money abroad firsthand. Born in Bangladesh, Alamgir grew up in Kuwait before moving to New York as a teenager. Dar was born in Pakistan and lived in Saudi Arabia before moving to Los Angeles at age five. Growing up, both watched their parents struggle to send money to family overseas.
In 2023, Dar stepped away from 24/7 Jet, the private jet company he founded in 2012, to join Expa as an investor and explore opportunities in global finance and fintech. Around the same time, Alamgir had left Lunchbox, the enterprise restaurant-technology company he founded years earlier.
Alamgir wanted to apply his operational experience with payments to a broader challenge: gaps in financial infrastructure for underbanked people around the world. In late 2025, he flew from New York to Los Angeles to pitch Dar on the idea for Fin.com. The two quickly found common ground, and Dar soon transitioned from potential investor to cofounder.
His colleague, Vitor Lourenço, founding partner at Expa, took his place as one of the seed round’s co-investors. For him, the fit was natural. “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,” he said.