Crypto onramping solution Fun has raised $72 million in a Series A funding round co-led by Multicoin Capital and SignalFire. The funding will support expansion efforts, including a new office in Singapore.
Fun, founded in 2022, provides infrastructure for deposits, withdrawals, and settlement flows for major crypto applications such as Polymarket, Lighter, and Aave. The company aims to eliminate technological barriers in value exchange, with plans for potential acquisitions and a focus on the Asia-Pacific region. CEO Alex Fine emphasized the need for a system that allows for instant and frictionless value movement.