Payments infrastructure company Fun raises US$72 million in a round led by Multicoin Capital to expand its global payments layer.
Fun, a payments infrastructure company, has wrapped up a US$72 million Series A funding round co-led by Multicoin Capital and SignalFire. Founded in 2022, Fun provides the technical backbone for internet-native capital markets and digital platforms, including Polymarket, Lighter, and Aave.
Fun focuses on the engineering of unified payment layers designed to improve deposit and withdrawal flows for global applications, and the new capital is intended to support continued investment in engineering and the opening of a new office in Singapore to expand into the Asia-Pacific region, along with potential infrastructure acquisitions.
Alex Fine, Founder and CEO of Fun, said: “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.”
Josh Stevens, VP of Engineering at Polymarket, said: “We’ve evaluated every major payments company, and Fun is in a different category. They operate like an extension of our team, building around real user behaviour and catching edge cases others miss. They are meticulous about every detail. At our size, every percentage point of conversion is millions of dollars and millions of users, and every reliability failure becomes a public conversation.”
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