Payment infrastructure company Fun completes $72 million Series A funding round, co-led by Multicoin Capital and SignalFire

Odaily reported that Fun, a Web3 payment infrastructure startup, announced the completion of a $72 million Series A funding round, co-led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen. The round closed in late January. The company previously completed a $3.9 million seed round in 2022. Fun's primary business is providing payment rails for developers, enabling users to directly exchange crypto assets for fiat currencies like the US dollar without using CEXs or traditional banks. The project currently provides deposit infrastructure for the prediction market Polymarket, the crypto derivatives platform Lighter, and the lending application Aave, processing over $18 billion in payments annually. The new funds will be used to expand its team of approximately 30 people. (Fortune)