Based Raises $11.5M in Series A Funding

The Singapore company will expand into new markets and develop infrastructure that also supports third-party financial applications.

Round size
$11.5M
Stage
Series A
Headquarters
Singapore
Announced
Feb 23, 2026

Trading and spending in one app

Based brings perpetual trading, prediction markets and crypto-funded card spending together. Its infrastructure also powers third-party applications such as HyENA. At the announcement, the company reported more than 100,000 registered users and 30,000 monthly active users.

Expanding the financial stack

The capital supports global expansion and further development of on-chain financial infrastructure. Alongside its consumer app, Based intends to offer components that other teams can use to build financial products.

Sources

  1. Based: funding announcement
  2. Based: original company announcement distributed by Chainwire
  3. The Block: Based financing
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