Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire
Fun powers deposits, withdrawals, and settlement flows for some of crypto’s leading apps, including Polymarket, Lighter, and Aave.
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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).