PANews May 1 news, according to Fortune, cryptocurrency exchange service startup Fun announced it has completed a $72 million Series A financing, led by Multicoin Capital and technology venture capital firm SignalFire, with participation from Infinity Ventures, Pharsalus Capital, and Tinder co-founder Justin Mateen. This financing deal was completed in January of this year but was only made public recently, and Fine declined to disclose the valuation of this financing.

Fun focuses on providing infrastructure for cryptocurrency and fiat (such as US dollars) deposits and withdrawals for platforms, allowing users to manage funds without going through exchanges or banks. Its clients include prediction market platform Polymarket, cryptocurrency derivatives platform Lighter, and lending protocol Aave, with an annual payment processing scale exceeding $18 billion. The company's founder and CEO Alex Fine stated that as more fintech companies and new banks adopt tokens and stablecoins, Fun aims to become "the gateway to the new economy."

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