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Fomo, a cross-chain trading app, has raised $17 million in Series A funding with the round being led by Benchmark.
Author: Sahil Thakur
Published On: Fri, 07 Nov 2025 03:59:24 GMT
7th November 2025 – Fomo, a cross-chain trading app, has raised $17 million in Series A funding. The round was led by Benchmark and included big names like Coinbase Ventures, Archetype, and angel investors from MoonPay, Pudgy Penguins, and 20VC.
With this round, Fomo’s total funding now stands at $19 million.
Fomo says it’s not just building another crypto trading platform. Instead, it wants to build a simple, social, cross-chain app for everyday users – not just crypto pros.
The team believes crypto infrastructure has improved. However, user experience hasn’t kept up. Most users still face issues with fragmented wallets, bridges, and networks.
Now, they want to change that. The company says the tech finally exists to fix the UX mess – natively, and without middlemen.
The company ran a six-month beta before this raise. The results were impressive. The app processed nearly $700 million in trading volume. It also onboarded over 120,000 users and 35,000 active traders.
That’s not all. The app also facilitated $5 million in fiat onramps for around 15,000 people who were new to crypto.
According to the team, Fomo is now the largest cross-chain trading app in the space. Weekly user growth is around 10%.
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The product aims to remove complexity. With Fomo, users don’t need to create new wallets or bridge assets. They hold one balance across chains and can buy any token with one swipe.
There are no gas fees. No wallet switching. No headaches.
Also, users can follow top-performing traders. They can discover trending assets. And they can trade instantly, all within the same app.
According to the team, it isn’t stopping at trading. The long-term plan is bigger. The company wants to build the social layer of finance.
Right now,it includes a lightweight social graph. But the team says this network will expand. Over time, it will support more asset classes, more ways to speculate, and new financial tools.
Oddly, Fomo’s X account (@tryfomo) is no longer accessible. It appears to be banned by X with a message of violation of X rules.
Real voices. Real reactions.
@pseudosey @benchmark cooking https://t.co/uwc7cz01oD
@pseudosey @benchmark Congrats @PaulErlanger @pseudosey! Super impressed with how fast the team has shipped product
@seyong @benchmark congrats! also, excellent brand design work by the folks at @WE3co đź‘Śđź‘Ś
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