Former Citadel team secures $17M Series A to launch Fin’s payments product on Solana
Fin, founded by ex-Citadel employees, raised $17 million in Series A funding led by Pantera Capital to launch its payments product on Solana.Summary
Fin, a startup founded by former Citadel employees, successfully secured $17 million in Series A funding, led by Pantera Capital, to launch its stablecoin-powered payments product utilizing the Solana blockchain. The capital infusion is earmarked for team expansion and further product development of their blockchain-based payment solution. Co-founders Ian Krotinsky and Aashiq Dheeraj are leveraging Solana's high-performance infrastructure for fast and cost-effective transactions, aiming to accelerate stablecoin adoption and disrupt traditional payment systems. Pantera Capital's investment aligns with its strategy of backing Solana-based projects in the payments sector, positioning Fin to compete in the growing stablecoin payments market.
(Source：Crypto Briefing)