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Fomo Raises $75M Series B, Valued at $550M

6/25/2026

40 3 Full Breakdown

Summary

Story summary

Fomo secured $75 million in Series B funding, expanding its social-first trading platform.
The round was led by Index Ventures with Union Square Ventures, Benchmark and investors Mark Pincus, Humam Sakhnini and Kevin Hartz.
The financing valued Fomo at $550 million and gave it over 600,000 users and $4 billion in on-chain trading volume.
The app provides gas-less swaps, Apple Pay deposits and a social feed, and plans to add equities and futures.

History

Historical Context

In 2023 the SEC sued Binance and fined Kraken, heightening scrutiny of fintech platforms that trade unregistered securities. Robinhood Markets delisted Cardano after the suit, causing its price to drop from $0.38 to $0.26—a 19% fall—mirroring the broader regulatory pressure that traces back to the Robin Hood charitable foundation’s 1988 founding.

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Story summary

Fomo secured $75 million in Series B funding, expanding its social-first trading platform.
The round was led by Index Ventures with Union Square Ventures, Benchmark and investors Mark Pincus, Humam Sakhnini and Kevin Hartz.
The financing valued Fomo at $550 million and gave it over 600,000 users and $4 billion in on-chain trading volume.
The app provides gas-less swaps, Apple Pay deposits and a social feed, and plans to add equities and futures.

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