Crypto payments firm Fun raises $72 million from Multicoin and SignalFire in Series A
Crypto payments firm Fun has raised $72 million in a Series A round led by Multicoin Capital and SignalFire to enhance its engineering, expand into the Asia-Pacific region with a new Singapore office, and pursue strategic acquisitions. The company, founded in 2022, processes over $18 billion annually and serves major platforms like Polymarket, Lighter, and Aave by enabling seamless movement of value between traditional financial systems and blockchains. Fun aims to solve scalability challenges in crypto payments by building frictionless, instant global transaction infrastructure.
- ▪Fun raised $72 million in a Series A led by Multicoin Capital and SignalFire.
- ▪The company processes over $18 billion in transactions annually for millions of users.
- ▪Fun serves as the sole deposit provider for Polymarket and supports payment flows for Lighter and Aave.
- ▪Multicoin has led two funding rounds in Fun within less than six months, a rare move for the firm.
- ▪The new funds will support engineering growth, Asia-Pacific expansion, and selective acquisitions.
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Crypto payments firm Fun raises $72 million from Multicoin and SignalFire in Series A The funds will go toward engineering, an Asia-Pacific expansion anchored by a new Singapore office, and acquisitions. Share Add us on Google by Vivian Nguyen May. 1, 2026 Crypto-native payments rails have struggled to keep up with scale. Fun is betting that it’s built the fix. The startup announced Friday that it raised $72 million in a Series A led by Multicoin Capital and SignalFire. Founded in 2022 and previously in stealth, Fun serves as the sole deposit provider for the prediction market Polymarket and also handles payment flows for Lighter and Aave. The project processes over $18 billion a year for millions of users around the world.
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