Next-generation payments firm Fin has raised $17m in series A round, supporting the expansion of the team and the launch of the company’s stablecoin-powered payments product.

The funding round was spearheaded by Pantera Capital, with Sequoia Capital and Samsung Next taking part in it.

The product is set to launch soon, with early users including global enterprises, financial institutions, and businesses operating in the crypto sector that require a quick and reliable payment infrastructure.

According to Fin, transferring large sums across borders currently involves unclear fees, delays, and operational challenges.

By combining the speed of stablecoins with the reliability of traditional banking, Fin claims to provide a straightforward, secure, and borderless method for moving funds.

Pantera Capital partner Ryan Barney said: “This team has repeatedly shown they can build crypto products that don’t feel like crypto—simple, intuitive, and ready for real-world users.

“Fin brings that same product DNA to high-value global payments, stepping into a massive global opportunity.”

According to the company, businesses and users are able to send instant payments to other users of the company, directly to bank accounts, or through crypto rails.

Fin’s platform allows users and businesses to send instant, high-value payments to other Fin users, directly to bank accounts, or through crypto rails. The service is designed for both enterprises and individuals needing to move millions of dollars securely and quickly.

Fin is said to be built by the team behind TipLink and is founded by Ian Krotinsky and Aashiq Dheeraj, both previously with Citadel.

Krotinsky said: “It’s difficult for incumbents to rip out their whole infrastructure and build a proper payments product in the new global stablecoin regime. That difficulty is our opportunity.”