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Startup Fun raises $72 million for the serious business of converting crypto and cash

Summary by Fortune
The finer details of back-end payment systems are enough to make most people’s eyes glaze over, even those in crypto. But Alex Fine, the founder and CEO of the startup Fun, finds in-the-weeds payment tasks to be just that, and his enthusiasm has paid off. On Friday, Fun announced that it has raised $72 million to work with buzzy tech firms like Polymarket to let users deposit and withdraw funds in crypto and fiat, like the U.S. dollar. The crypt…

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Fortune broke the news in New York, United States on Friday, May 1, 2026.
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