At fomo, we're building a trading app for the rest of us. To accelerate our mission, we closed a $17 million Series A led by Benchmark, bringing our total funding to $19 million.
Early adopters of new technology willingly embrace friction, confusion, and uncertainty to explore new horizons. These pioneers are driven by deep curiosity—paving the way for everyone who follows. In rare moments throughout history, weekend hobbies transition to mass adoption, reshaping billions of lives. The floodgates are about to open for our industry.
While crypto infrastructure has consistently improved, user experience has remained an afterthought. This has led to fragmentation—incompatible chains, wallets, liquidity, and users scattered across ecosystems. For the first time in this industry's history, the technology exists to make meaningful leaps in user experience built natively on decentralized rails. Over the coming years, that shift will become undeniable.
Since fomo’s beta launch 6 months ago, our north star has been solving crypto's 100x UX problem, for both retail and crypto-native users. In that time, fomo has become the largest cross-chain trading application in crypto powered by the industry's top traders. One balance across multiple chains. Buy any asset with one swipe. No new wallets, no bridges, no gas fees, no friction. Track top traders and discover trending assets easily.
During this beta period, fomo has processed nearly $700M in volume onboarded 120K+ users and 35K+ traders and facilitated $5M in onramp volume across nearly 15K net-new crypto users. Our user base continues to grow nearly 10% each week.
Today's version of fomo is just the beginning on our journey to become the social layer of all finance. This current version consists of a cross-chain experience powered by a small, but growing social network. As this social graph grows, so will our suite of products. More asset classes, more ways to speculate, and more form factors.
We're thrilled to partner with Benchmark as we build the world's largest financial network. Benchmark has a proven track record of backing bold, world-changing consumer products like Uber, Snapchat, Instagram, and Twitter. They're the best in the world at understanding network effects and scaling consumer brands. We're excited to have them as partners on this journey.
In addition, special thanks as well to our angel investors that join us in this round:
By,
the fomo team
