# Fun

> Fun (fun.xyz) is a payments infrastructure company that moves money on and off blockchains for modern fintech apps. Its rails power deposits, withdrawals, orchestration, and checkout for platforms like Polymarket, Aave, and Lighter - processing more than $18 billion a year. Founded in 2022 by Stanford dropout Alex Fine, the company raised a $72 million Series A in early 2026 led by Multicoin Capital and SignalFire, aiming to be 'the front door' to the new digital economy.

- **Founded:** 2022
- **Headquarters:** New York, United States
- **Founders:** Alex Fine (Co-Founder & CEO), Mario Baxter (Co-Founder (former Meta machine learning engineer))
- **Team size:** ~30-73 employees (reported figures vary; ~30 per Fortune at Series A, 73 in dataset)
- **Products:** Deposit, Withdraw, Orchestration, Checkout, FunKit
- **Notable:** Processes $18B+ in annual payments volume, Raised $72M Series A in early 2026 led by Multicoin Capital and SignalFire, >99.999% transaction success rate

## Products & services

- **Deposit** — Conversion-optimized deposit flows that increase user trust and the rate at which users fund an app.
- **Withdraw** — Instant, reliable withdrawals that build user confidence and drive repeat deposits.
- **Orchestration** — Fund routing, liquidity management, and faster global money movement at scale.
- **Checkout** — A unified interface supporting 50+ payment methods across 100+ countries; users swap tokens and receive assets directly in their wallet, non-custodially.
- **FunKit** — A wallet development platform (launched on mainnet August 2023) for provisioning ERC-4337 non-custodial smart contract wallets with gas abstraction, social login, passkeys, session keys, and one-line onramp/swap/bridge/stake.

## Achievements

- Processes $18B+ in annual payments volume
- Raised $72M Series A in early 2026 led by Multicoin Capital and SignalFire
- >99.999% transaction success rate
- Sub-5-second settlement on $1M trades
- Built deposit infrastructure for Polymarket, Aave, and Lighter
- Supports 50+ payment methods across 100+ countries

## Latest updates

- **2026-05** — Fun publicly announced its $72M Series A led by Multicoin Capital and SignalFire (round closed late January 2026).
- **2026-01** — Series A round closed; plans to expand the ~30-person team.
- **2023-08** — FunKit wallet development platform launched on mainnet.
- **2022** — Company founded; raised $3.9M seed to build dWallet applications on Odsy Network.

## Links

- Website: https://fun.xyz
- LinkedIn: https://www.linkedin.com/company/funxyz
- Twitter/X: https://twitter.com/fun

---

Profile page: https://yespress.io/fun
Published by YesPress — https://yespress.io
Last updated: 2026-06-07