Fin.com raises $20M for stablecoin infrastructure
“The next massive stablecoin companies might not be the companies issuing the stablecoins. They might be the infrastructure companies making stablecoins invisible.”
Transcript
Stablecoins were supposed to make moving money around the world instant, but there's still one massive problem. Eventually, the money has to land somewhere. Fin.com just emerged from stealth with a $20 million seed round, led by Expa, an uber co-founder Garrett Camp, alongside Coinbase Ventures.
And what their building explains what I think is one of the biggest opportunities in FinTech right now. Stablecoins are incredible at moving digital dollars, but imagine you send USDC from the United States to someone in India. That person probably doesn't want USDC. They want rupees in their bank account, on their local wallet, and that last
mile is still incredibly complicated. Different banks, different currencies, different regulations, different payment networks. Fin.com is basically trying to become the infrastructure connecting all of it. One API can collect money through bank transfers, wires, or stablecoins,
convert it, and pay it through local bank accounts or wallets. And Fin.com says it supports 40 different currencies without payouts across 30 different countries. And here's the part that's most interesting. Fin says its customers already collectively reach 825 million end users.
It has completed seven acquisitions and reportedly plans to acquire a license bank within the next six months. And that should tell you something really important about where stablecoins are headed. The next massive stablecoin companies might not be the companies issuing the stablecoins. They might be the infrastructure companies making stablecoins invisible.
Because consumers don't really care whether their money traveled through Swift, ACH, stablecoins, or carrier pigeons. They care that $100 leaves here, and the right amount of money shows up there, fast, cheap, and safely. The internet needed infrastructure before billions of people could use it
without understanding how it worked, and stablecoins may be entering that exact same phase. The biggest opportunity might not be creating another digital dollar. It might be building the pipes that make digital dollars actually useful. Every industry, every business model, there's a larger opportunity hiding
inside of it. I'm here to help you find them. Follow me for more tech and AI news.