Fin Raises $17 Million to Launch International Stablecoin Transfers
Date: 2025-12-04 Author: Oliver Abernathy Categories: BUSINESS
Fintech payment platform Fin has received $17 million in funding to develop a stablecoin-based transfer service. The funding round was led by Pantera Capital, with Sequoia and Samsung Next also participating. The company's valuation has not been disclosed, but sources claim the project is already in the advanced stages of preparation for its public launch.
Fin's development is focused on transferring large amounts of digital assets with minimal delays. Users are promised a simple interface, low fees, and high transaction processing speeds. Unlike traditional banking solutions and popular payment services, the platform allows for the almost instantaneous transfer of amounts over $100,000, which remains a significant limitation for many traditional systems.
The app supports three main transfer modes: within the Fin ecosystem between users, to bank accounts, and to cryptocurrency wallets. By using stablecoins, the developers have reduced costs and simplified the technical aspects of operations, making the service attractive to both individuals and businesses.
Fin's pilot launch is planned for next month. Initially, the startup will focus on collaboration with companies engaged in import and export, where settlement speed and transfer volumes are crucial. The team plans to expand the solution to other international payment segments.
Fin's business model involves several revenue streams. The primary one is transaction fees, which, according to the company, will be below the market average. Additional revenue will come from interest accrued on stablecoins held in users' wallets within the platform.
Fin's CEO, Ian Krotinsky, believes that Fin's main competition comes not from other crypto projects, but from large international banks, including JPMorgan Chase and Barclays. In his opinion, traditional financial giants have been building the infrastructure for cross-border transfers for decades, but have done so inefficiently in terms of speed and cost.
Krotinsky emphasizes that the transition to stablecoin architecture requires a profound overhaul of internal systems, which large banks are not always willing to undertake due to their scale and regulatory restrictions. Fin, meanwhile, was initially created as a next-generation digital product focused on global, borderless transfers.
Investors who have backed the project see stablecoin payments as one of the key trends of the coming years. The growth of cross-border trade, the development of digital currencies, and pressure on traditional payment systems are creating a favorable environment for the emergence of new solutions like Fin.
If the pilot launch is successful, the startup plans to accelerate product development and expand its geographic reach. The team hopes that the combination of high speed, low fees, and focus on large transfers will allow Fin to carve out a niche in the global payment services market.
