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Wednesday Dec 3 2025 21:50
2 min
Former Citadel engineers Ian Krotinsky and Aashiq Dheeraj have unveiled Fin, a stablecoin-based payment application engineered for substantial cross-border transactions, after successfully securing $17 million in funding.
According to a Fortune report published Wednesday, the startup, previously operating under the name TipLink, completed its funding round with support from prominent investors including Pantera Capital, Sequoia, and Samsung Next. Fin intends to initiate a pilot program within the next month, focusing on import-export businesses frequently dealing with transactions in the hundreds of thousands of dollars.
Leveraging stablecoin technology, Fin will empower users to transfer funds to other payment platforms, bank accounts, and cryptocurrency wallets, striving to offer lower costs compared to conventional wire transfers. The company plans to generate revenue through transaction fees, priced competitively below bank alternatives, and from interest accrued on stablecoin balances held in user wallets.
Krotinsky stated to Fortune that the application is specifically designed for high-value payments that platforms like Venmo and Zelle cannot instantly process, and it will facilitate global transfers without the typical delays associated with traditional banking networks.
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