Fun Raises $72 Million in Series A Funding, Led by Multicoin Capital and SignalFire

According to Fortune, payments infrastructure startup Fun has announced a $72 million Series A funding round, co-led by Multicoin Capital and SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Justin Mateen, co-founder of Tinder. Fun primarily provides cryptocurrency and fiat deposit/withdrawal infrastructure for platforms such as Polymarket, Lighter, and Aave, processing over $18 billion in annual payments. The company plans to use the new funds to expand its team of approximately 30 people.