Fun
Reviewed active Updated May 1, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Fun is a New York-based global payments infrastructure company founded in 2022 1. The company powers deposits, withdrawals, and settlement flows for internet-native capital markets platforms including Polymarket, Lighter, and Aave, processing more than $18 billion in annual transaction volume across over 100 countries 12. Its infrastructure connects traditional fiat payment rails with blockchain-based settlement, enabling end-users to move value into and out of crypto-native applications 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2022 | Seed | $3.9M | — | — 2 |
| 2026-05-01 | Series A | $72M | Multicoin Capital, SignalFire | Infinity Ventures, Pharsalus Capital, Justin Mateen 123 |
The Series A closed in late January 2026 and was publicly announced on May 1, 2026 2. Total equity raised to date is $75.9M 23. Use of proceeds includes engineering expansion, scaling Asia-Pacific operations with a new Singapore office, and selective acquisitions 12.
What Investors Say
“The team has probably grown revenue 20 or 30x in that time. Transaction and payment volumes are up dramatically.” — Kyle Samani, Multicoin Capital, on Fun’s growth 4.
Fun is “well-positioned to basically provide the same service … to those non-crypto native companies over time.” — Spencer Applebaum, General Partner, Multicoin Capital 2.
What Founders Say
“Fun is focused on a simple but foundational problem: removing the technological barrier of value exchange. The infrastructure for moving money has not kept up with how the world actually works. We are building a system where value moves instantly, globally, and without friction.” — Alex Fine, CEO and Founder 13.
“If you have a money app, a finance app, how do you actually get the money in and out? That’s what we do really well.” — Alex Fine, in Fortune interview 2.
“We really want to be the front door for this new economy.” — Alex Fine, in Fortune interview 2.
Sources
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BusinessWire, “Global Payments Company Fun Raises $72 Million in Series A to Power Next-Gen Financial Services,” May 1, 2026, accessed May 2026. https://www.businesswire.com/news/home/20260501170322/en/Global-Payments-Company-Fun-Raises-$72-Million-in-Series-A-to-Power-Next-Gen-Financial-Services↩↩↩↩↩
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Fortune, “Exclusive: Startup Fun raises $72 million for the serious business of converting crypto and cash,” May 1, 2026, accessed May 2026. https://fortune.com/2026/05/01/fun-series-a-fundraise-multicoin-capital-signalfire/↩↩↩↩↩↩↩↩↩↩
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The Block, “Crypto onramping solution Fun raises $72 million Series A co-led by Multicoin Capital and SignalFire,” May 1, 2026, accessed May 2026. https://www.theblock.co/post/399726/crypto-onramping-solution-fun-raises-72-million-series-a-co-led-by-multicoin-capital-and-signalfire↩↩↩↩
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Crypto Briefing, “Crypto payments firm Fun raises $72 million from Multicoin and SignalFire in Series A,” May 1, 2026, accessed May 2026. https://cryptobriefing.com/global-payments-infrastructure-firm-fun/↩