Fin, founded by two former Citadel engineers, raised capital to launch a stablecoin app for cross-border payments as banks and fintechs expand into digital assets.
Former Citadel engineers Ian Krotinsky and Aashiq Dheeraj have raised $17 million to launch Fin, a stablecoin-powered payments app designed for high-value cross-border transactions.
According to Fortune on Wednesday, the startup, previously known as TipLink, closed the round with backing from Pantera Capital, Sequoia and Samsung Next. Fin plans to pilot the app within the next month, targeting import-export businesses that often move hundreds of thousands of dollars at a time.
Built around stablecoin rails, Fin will enable users to send funds to other payment apps, bank accounts, and crypto wallets, aiming to reduce costs compared to traditional wire transfers.
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