Fin.com announced a $20 million seed round to expand its cross-border payments infrastructure. The financing was led by Expa and its co-founder Garrett Camp, with participation from Coinbase Ventures and other investors. The round closed in August, before the company’s first public announcement on 15 September. The New York-based company emerged from stealth with the funding disclosure.
The platform is designed to connect local payment rails, virtual bank accounts, SWIFT and stablecoin settlement. Fin.com says it supports the movement and conversion of funds into bank accounts and digital wallets across multiple markets. The company positioned the service as infrastructure for businesses operating across fragmented payment systems.
INVESTORS BACK MULTI-RAIL INFRASTRUCTURE
Coinbase Ventures, Tenet Fund, Second Sight Ventures and investors connected with Figure and Mesh also participated, according to the company. Sovereign and royal family offices across the Gulf and Africa also invested, the company said. Fin.com did not disclose a valuation.
The company said it had completed seven acquisitions and employed more than 200 people across six offices. It also said it had processed billions of dollars across more than 51 countries. The company said it was targeting 12 acquisitions by year-end.
FUNDING SUPPORTS CROSS-BORDER EXPANSION
The financing gives Fin.com additional capital to develop a service spanning bank accounts, payment networks and stablecoin settlement. The company said the capital would deepen local integrations and expand country coverage.
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