Payment infrastructure company Fun completes $72 million Series A funding round, led by Multicoin Capital and SignalFire
Odaily reports that Web3 payment infrastructure startup Fun has announced the completion of a $72 million Series A funding round, led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen, among others. 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 USD without using a CEX or traditional bank. 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 annual payment volume. The new funds will be used to expand its team of approximately 30 people. (Fortune)
