Former Citadel team secures $17M Series A to launch Fin’s payments product on Solana
PositiveCryptocurrency
- Fin, a company founded by former Citadel engineers, has successfully raised $17 million in a Series A funding round to launch its stablecoin payments product on the Solana blockchain, aiming to facilitate fast and cost-effective transactions.
- This funding is significant for Fin as it positions the company to capitalize on the growing demand for blockchain-based payment solutions, particularly in the realm of stablecoins, which are increasingly seen as a viable alternative to traditional currencies.
- The launch of Fin's product comes at a time when Solana is gaining traction as a leading platform for payments, evidenced by its recent record transaction volumes and the introduction of various financial products, indicating a broader trend towards the integration of cryptocurrencies into mainstream finance.
— via World Pulse Now AI Editorial System
