A payment app called Fin recently secured a significant round of funding—$17 million has been raised. This project was previously known as TipLink, and the founding team has an impressive background, all coming from the traditional finance giant Citadel.

This round was led by Pantera Capital, with Sequoia and Samsung Ventures also participating. Fin’s mission is quite clear: to solve the longstanding problem of cross-border transfers using stablecoins. Their app reportedly allows users to send money directly to bank accounts, transfer to crypto wallets, and even make peer-to-peer transfers between Fin users.

A team with a traditional finance background diving into the crypto payments track is quite an interesting combination. More and more projects are now exploring stablecoin payments, so it’ll be interesting to see if Fin can stand out from the crowd.