Welcome to the April installment of Fin Capital's Monthly Wave. It’s been a busy month for the team and our portfolio companies.

Regulatory Tailwinds: The U.S. House has recently introduced new legislation known as the Payments Access and Consumer Efficiency (PACE) Act. Together with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and the proposed Digital Asset Market Clarity (CLARITY) Act, these efforts begin to sketch a new foundation for digital assets in the U.S. The CLARITY Act focuses on market structure, delineating jurisdiction between the SEC and CFTC while establishing clear definitions for digital assets—distinguishing between securities, commodities, and payment tokens. This provides a critical legal baseline for institutional participation. The GENIUS Act builds on that foundation by clarifying what qualifies as a compliant stablecoin, while the PACE Act defines who can directly access the Federal Reserve’s payment rails. PACE specifically introduces a new federal designation, Registered Covered Provider, allowing qualified nonbank payment firms—such as stablecoin issuers, fintech platforms, and crypto infrastructure providers—to connect directly to Fed systems under OCC oversight. Direct Fed access will reduce reliance on sponsor banks, cutting costs tied to minting, redemption, and settlement while enabling faster, more resilient payment flows. The broader fintech ecosystem would see a redistribution of power, with competition moving away from payment access and toward lending, balance sheet services, and deeper integration. Still, PACE remains in early-stage legislation, and its future hinges on gaining Senate support in the months ahead. To learn more, read here.  

 Setting Sail on Autonomous Agent Infrastructure: We are excited to announce our latest investment – Primitive. The company directly addresses the core bottleneck preventing AI from scaling in financial institutions: the gap between experimentation and production. While many banks have launched fragmented AI pilots, few have the infrastructure to deploy, govern, and optimize AI agents at scale. Primitive’s platform closes that gap by combining deep systems integration with robust oversight and performance measurement. Primitive’s recent introduction of Agent Capital and Return on Agent Capital (ROAC) reframes AI from a technical experiment into a measurable, managed asset class. Furthermore, Primitive’s Control Tower provides that missing layer of governance—ensuring every agent action is logged, traceable, compliant, and independently validated. With pre-built agent templates spanning commercial lending, risk and compliance, human-in-the-loop workflows, and regulatory oversight, Primitive offers immediate, high-impact entry points for institutions. Together, this positions the company not just as an enabler of AI adoption, but as a foundational system for managing and maximizing the economic value of autonomous agents in financial services. See launch announcement here.  

Previous Events

Upcoming Events

• NYC Happy Hour: On Wednesday, May 27^th we will be hosting an intimate evening with fintech executives, founders, operators, and LPs in our SoHo office. Drinks, bites, and great conversation included. Request your spot by emailing [email protected]! 

• San Francisco Fintech Week: Join us on Wednesday, May 27th at Fifth Arrow, where we're bringing together a curated group of fintech founders, investors, and industry leaders for bowling, arcade games, craft cocktails, and bites. Request your spot by emailing [email protected]! 

Portfolio News

It’s been a busy month, sharing some of the latest moments from across portfolio…

• Certa named a Leader in the first Gartner Magic Quadrant for Third-Party Risk Management.  

• OneVest is partnering with Mackenzie Investments; this will support the asset manager’s digital transformation initiatives for both advisor and investor experiences.  

• Congratulations to Pipe on their $16M fundraise, we’re proud to be a part of it!

• Primitive announces partnership with MX to deploy AI-native growth agents for the financial services industry, helping with deposit acquisition, retention, and more.  

• PTO Exchange has officially announced being onboarded to Paycor’s marketplace.  

• Synctera announces their acquisition of Cable, an automated control testing and compliance platform for banks & credit unions.  

• Thoropass CEO & Co-Founder, Sam Li, named a finalist for the Entrepreneur of the Year award by EY.  

• Trovata celebrates onboarding their first enterprise customer on their stablecoin product to use AI agents to automate payments between US entities.

• WitnessAI has partnered with NTT DATA Japan, who will act as a strategic reseller, empowering Japanese organizations to stay secure while accelerating their AI usage.  

What We’re Reading

INDUSTRY RESEARCH 

• Thoropass: The 2026 State of Audit & Compliance (Read More) 

BLOGS, PODCASTS AND VIDEOS 

• MostlyMetrics: How Superhuman Structures Its Analytics Team (Read More) 

• Topline: GTM Engineer – The Most Misunderstood Role in GTM (Read More) 

• Lenny’s Newsletter: Not All AI Agents Are Created Equal (Read More) 

• OnlyCFO’s Newsletter: Pricing Pressure Will Crush You (Read More) 

Spotlight on Hiring

• The Fin Capital team is growing and we would welcome any referrals (Fin Capital Jobs).

• Our companies are hiring! There are hundreds of jobs on our jobs board (Fin Family Jobs).  

Thanks for reading!

We are grateful for your partnership and support, and welcome any feedback you have. We’ll see you next month with more!

-The Fin Capital team

_Disclaimer

_{This material is provided for informational purposes, and it is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any fund or investment vehicle managed by Fin Venture Capital Management LLC (“Fin”) or its affiliates. Content obtained from third-party sources, although believed to be reliable, has not been independently verified as to its accuracy or completeness and cannot be guaranteed. Fin has no obligation to update, modify or amend the content of this post nor notify its readers in the event that any information, opinion, projection, forecast or estimate included, changes or subsequently becomes inaccurate.}