New York-based Fin.com, co-founded by Nabeel Alamgir and Mustafa Dar, has raised $20 million in seed funding in a round that closed in August, according to a recent report by a US-based business magazine. The round was led by Expa and Uber co-founder Garrett Camp, with additional backers including Coinbase Ventures, Tenet Fund, the founders of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and royal and sovereign wealth offices in the Gulf and Africa.
Fin.com, which recently emerged from stealth, builds payment technology that helps businesses move money across borders more easily, an area the company says has grown in importance as stablecoins gain popularity. According to the report, the company’s tools are used by financial firms, consumer platforms and prediction markets to shift funds internationally and to let users top up wallets from crypto exchanges.
The company says its technology reaches more than 800 million users in total, though it has not named specific clients or disclosed its valuation.
Fin.com’s product and reach
The report notes that Fin.com is focusing on South Asia, Africa and the Middle East—regions the founders know well from personal experience. Alongside its New York base, the company has offices in Las Vegas, Dubai, Bangalore, Lahore and Dhaka.
Alamgir was born in Bangladesh, grew up in Kuwait and moved to New York as a teenager. Dar was born in Pakistan, spent part of his childhood in Saudi Arabia and later moved to Los Angeles. Both founders told the report that watching their parents struggle to send money to relatives abroad shaped their decision to build the company.
Dar previously founded private jet company 24/7 Jet in 2012 and left it in 2023. Alamgir previously founded restaurant technology company Lunchbox. Sharing the news on X, Alamgir said Fin.com has completed seven acquisitions in the past twelve months and added that people have likely used the company’s services already without realising it.
