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

Odaily reported that Web3 payment infrastructure startup Fun 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. The round closed in late January. The company previously raised a $3.9 million 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 USD without using CEXs or traditional banks. The project currently provides deposit infrastructure for prediction market Polymarket, crypto derivatives platform Lighter, and lending app Aave, processing over $18 billion in annual payments. New funds will be used to expand its team of around 30 people. (Fortune)