Ex-Citadel Engineers Launch $17M-Backed Stablecoin App for Global Payments
Key takeaways:
- Two X-Citadel engineers have rebranded their TipLink app to Fin to revolutionize the global payments system.
- Fin’s initial funding witnessed participation from Samsung Next and Sequoia Capital.
- Fin uses stablecoin-backed payment technology to initiate large transactions without providing personal details.
- Fin is set to launch its pilot version first, which focuses on import-export transactions.
Fin, a blockchain-based payments app, has secured a total of $17 million in a ‘Series A’ funding round, primarily to support its pilot program launch and the full commercial launch. Samsung Next, the venture capital and innovation arm of Samsung Electronics, and Sequoia Capital, a prominent American venture capital firm, participated in the round led by Pantera Capital.
Founded by former Citadel engineers Ian Krotinsky and Aashiq Dheeraj, the app focuses on stablecoin payments and emphasizes instant, high-value, cross-border transactions. Users can send small to large amounts of funds to crypto wallets, bank accounts, and other Fin users instantly.
From TipLink to Fin: The Pilot Launch to Target Import-Export Businesses First
Ian Krotinsky and Aashiq Dheera first launched the project as TipLink, a simple platform to send funds via links without the requirement of personal information. Understanding the potential of the project, the developers rebranded it to Fin and transformed it into a stablecoin-based payments platform.
Fin will launch as a pilot that targets import-export businesses first because these businesses often handle large-value cross-border transactions. According to Ian, the project helps users shift from speculative payment solutions with little real-world impact to an actual, innovative payment solution.
Will Fin Compete with XRP in Cross-Border Payments?
Since XRP’s stablecoin RLUSD is also used for corporate and cross-border transactions, various XRP maximalists fear that the new initiative could negatively impact the Ripple ecosystem. However, the fundamentals show that Fin is more into particular uses, such as the import-export business, unlike XRP and RLUD. Also, Fin has not publicly specified which exact stablecoin(s) it will use, so there is a chance for RLUSD integration in Fin. Overall, Fin is not a direct threat to XRP.
How to Use Fin Payments Solution? Detailed Guide
Users can now join the waitlist of Fin’s pilot, which is expected to arrive in the last week of December 2025 or early 2026. Follow the steps below to join the waitlist and to become an early adopter of the platform.
- Visit Website
Visit the official website of Fin (https://www.fin.tech/).
- Join Waitlist
Scroll down and tap ‘Join Waitlist’.
- Input Deatils
Input your name and email address.
- Input Interest
You can also input your area of interest or any relevant information in the optional space provided.
- Tap Join Waitlist.
After entering the details, tap ‘Join Waitlist’.
- Wait for Launch
You will be notified at the time of Fin’s launch.
The Road Ahead: Blockchain-based Payments to Outpace Traditional Banking Soon
With the arrival of advanced payment apps like Fin, the global finance industry is expected to accelerate its ongoing shift into blockchain-based solutions. Since it is going to outpace the traditional banking system soon, major banks are looking for an opportunity to integrate crypto so that they can survive. In the near future, we could witness a hybrid finance that interlinks both traditional finance and the blockchain economy.
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