Fin Raises $17 Million Led by Pantera Capital: The New Money App That Moves Millions Instantly

Fin, a next-generation payments and stablecoin app built from the ground up for 2025 realities, has closed a $17 million seed round co-led by Pantera Capital and Sequoia Capital, with participation from Electric Capital, Coinbase Ventures, Circle Ventures, SV Angel, and angels including Plaid co-founder William Hockey and former Citadel executives.

Founded in 2024 by a team of ex-Citadel, Jump Trading, and Stripe engineers, Fin is designed to be the single app where consumers and businesses can send, receive, and hold millions of dollars instantly — whether to another Fin user, directly to any U.S. bank account, or across crypto rails — all with zero fees on most transfers and 4–6% yield paid daily on every dollar held.

(Sources: FIN)

How Fin Works (and Why It Feels Like Magic)

• Instant, free transfers to any Fin username (like Venmo/Cash App but global and on-chain under the hood).
• One-tap ACH push/pull to any U.S. bank account (no 3-day waits).
• Native USDC rails for near-zero-cost international payments.
• Automatic yield on all balances (currently 4.8–6.1% APY via regulated institutional lending partners).
• No seed phrases, no gas fees, no “connect wallet” friction — recovery via email + phone + social attestations.
• Business features: payroll, invoices, treasury dashboards, and programmable payments already live in private beta.

The Vision: “If We Rebuilt Banking Today, It Would Look Like Fin”

Co-founder and CEO Parker Wojcik (ex-Citadel head of options market making) sums it up: “Every legacy banking feature was designed around 1970s infrastructure. If you started from scratch today with stablecoins, modern cryptography, and mobile-first UX, you’d build something that looks exactly like Fin.”

Traction So Far (Still Pre-Public Launch)

• 42,000 private beta users
• $68 million in cumulative transfer volume
• $19 million in deposits earning yield
• Average user balance: $4,800 (skewed heavily toward crypto-native power users and small businesses)

What’s Next

• Public launch in 38 countries by March 2026
• Debit card with 2–3% crypto cashback
• Embedded finance APIs for neobanks and creator platforms
• White-label treasury solutions for DAOs and Web3 companies

With $17 million in fresh capital and a team that spent years building the fastest trading systems on Earth, Fin is positioning itself as the default money layer for the internet-native generation — combining the speed and cost of crypto rails with the simplicity most people still expect from traditional apps.

The future of money just got a lot faster, cheaper, and higher-yielding.