Fun, a startup focused on crypto-to-fiat payment rails, has raised $72M in a Series A round led by Multicoin Capital and SignalFire, following a previously undisclosed $3.9M seed round in 2022.

The company builds deposit and withdrawal infrastructure for platforms like Polymarket, Aave, and Lighter, allowing users to move between crypto and fiat without relying directly on exchanges or banks. Fun says it processes more than $18B in annual payment volume and works with over 20 clients.

The raise comes as more companies including Meta, Stripe, and Shopify expand into crypto payments, increasing demand for stablecoin and fiat settlement infrastructure across both crypto-native and traditional fintech platforms.

👉 x.com/fun/status/2050202961305874520?s=20