Crypto on-ramp startup Funn raises $72 million

Crypto onramp startup Fun raised $72 million in a Series A led by Multicoin Capital and SignalFire.

The company plans to use the funding to expand engineer-heavy operations, open a Singapore office, and grow across Asia-Pacific.

Fun is also reviewing potential acquisitions as it scales its onramp infrastructure business.

The deal underscores that, even as crypto fundraising slows overall, capital is still flowing into core payment and settlement infrastructure.