Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire
Crypto onramping solution Fun has raised $72 million in a Series A round co-led by Multicoin Capital and SignalFire to expand its engineering team and grow in the Asia-Pacific region with a new Singapore office. Founded in 2022, Fun provides critical infrastructure for moving value across blockchains, supporting major crypto platforms like Polymarket, Lighter, and Aave. The company processes over $18 billion in annual transactions across more than 100 countries, aiming to eliminate friction in global value exchange.
- ▪Fun raised $72 million in a Series A round co-led by Multicoin Capital and SignalFire.
- ▪The company operates in over 100 countries and processes over $18 billion in transactions annually.
- ▪Fun powers crypto apps including Polymarket, Lighter, and Aave, and plans to expand into the Asia-Pacific with a Singapore office.
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Crypto onramping solution Fun has raised a $72 million Series A funding round co-led by Multicoin Capital and SignalFire, according to an announcement on Friday. The funding will help support the "deliberately small, engineering-led team," including a push into the Asia-Pacific region with a new Singapore office, and through potential acquisitions. Founded in 2022, Fun provides background infrastructure to move value across blockchain rails, and powers the deposits, withdrawals, and settlement flows of some of crypto’s leading apps, including prediction market Polymarket, decentralized perps DEX Lighter, and lending protocol Aave. "Fun is focused on a simple but foundational problem: removing the technological barrier of value exchange," Fun founder and CEO Alex Fine said in a statement.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Block (Crypto).