Cryptocurrency trading app Fomo has successfully raised $17 million in a Series A funding round led by Benchmark, as reported on November 6th. This latest investment brings Fomo's total funding to $19 million. The funding round saw participation from 140 industry leaders, including notable figures such as Polygon Labs CEO Marc Boiron, Solana co-founder Raj Gokal, and former Coinbase CTO Balaji Srinivasan.
Launched in May, Fomo offers a streamlined trading experience with features like Apple Pay integration for quick account setup and trading. The platform supports cross-chain trading of millions of crypto assets, charges a 0.5% transaction fee, and waives gas fees. Additionally, Fomo includes social features that enable users to follow and learn from others' trading strategies.
Fomo Secures $17 Million in Series A Funding Led by Benchmark
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