Key Takeaways
- Fin, founded by ex-Citadel employees, raised $17 million in Series A funding led by Pantera Capital.
- The capital will support the launch and expansion of Fin’s stablecoin payment platform on Solana.
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Fin, a startup founded by former Citadel employees, secured $17 million in Series A funding led by Pantera Capital to launch its stablecoin-powered payments product on Solana. The round will support team expansion and product development for the blockchain-based payment solution.
Co-founders Ian Krotinsky and Aashiq Dheeraj are developing the payments platform to leverage Solana’s high-performance infrastructure for efficient transactions. The blockchain platform enables fast and cost-effective payments, making it attractive for stablecoin-based financial solutions.
Pantera Capital, a crypto-focused asset manager, led the funding round as part of its strategy to back Solana-based projects in the payments sector. The investment supports the expansion of payment platforms within Solana’s decentralized finance ecosystem.
The funding positions Fin to compete in the growing stablecoin payments market, where platforms are increasingly choosing Solana for its speed and accessibility advantages over traditional payment rails.