Crypto Payments Startup Fun Raises $72M Series A Led by Multicoin Capital and SignalFire

Fun, a New York-based payments infrastructure company founded in 2022, raised $72 million in Series A funding co-led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen. The company processes over $18 billion in annual transaction volume across 100+ countries and serves as the sole deposit provider for prediction market Polymarket, as well as handling payments for Lighter and Aave. Fun grew revenue 20–30x in less than six months. The company plans to expand engineering, open a Singapore office for Asia-Pacific, and pursue acquisitions. Valuation was not disclosed.