Payment infrastructure company Fun has completed a $72 million Series A funding round, led by Multicoin Capital and SignalFire

The 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. This round was completed in late January. Previously, the company had raised $3.9 million in a 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 employees. (Fortune)