Crypto Onramping Solution Fun Raises $72M Series A Led by Multicoin Capital and SignalFire on May 1

According to a BusinessWire announcement on May 1, crypto onramping solution Fun raised a $72 million Series A funding round co-led by Multicoin Capital and SignalFire. The funding will support the company’s engineering-led team expansion into the Asia-Pacific region through a new Singapore office and potential acquisitions. Founded in 2022, Fun provides infrastructure for moving value across blockchain rails and powers deposits, withdrawals, and settlement flows for major crypto apps including prediction market Polymarket, decentralized perps DEX Lighter, and lending protocol Aave. The startup processes over $18 billion in transactions annually for users in over 100 countries.