Fun, a crypto-native payments startup, announced Friday it raised $72 million in a Series A round led by Multicoin Capital and SignalFire.
Founded in 2022, Fun already processes over $18 billion annually for millions of users worldwide. It serves as the exclusive deposit provider for the prediction market Polymarket and handles payment flows for Lighter and Aave.
CEO Alex Fine said the company is tackling outdated infrastructure, moving value instantly and globally without friction. Polymarket’s VP of Engineering, Josh Stevens, praised Fun for operating like an extension of his team and catching edge cases others miss.
Multicoin Managing Partner Kyle Samani noted Fun is the only company in Multicoin’s history where they led two rounds in less than six months, citing 20-30x revenue growth in that period.
Fun serves both retail users in regions like India, Korea, and the U.S., as well as institutional participants like market makers. The fresh capital will fund engineering expansion, a new Singapore office, and selective acquisitions.