fomo

What fomo does

Fomo (FOMO Labs Inc.) is a Delaware-incorporated, New York-based social-first crypto trading application that launched publicly in May 2025. The platform targets retail crypto traders and crypto-curious first-time buyers, offering a non-custodial, multi-chain trading experience that abstracts away wallet creation, seed phrases, bridges, and gas fees behind a 30-second email or Apple ID signup and Apple Pay funding via Coinbase. From a single unified USD balance, users trade across Solana, Base, BNB Chain, and Monad, with optional perpetual futures on equities, indices, commodities, and crypto powered by Hyperliquid and Trade.xyz.

The product is differentiated by a social trading layer that includes real-time trade feeds, multichain leaderboards, trader-following with notifications, trade thesis commentary, and an affiliate program with real-time payouts. The mobile iOS app is the primary surface, augmented by a web platform launched in April 2026 that integrates TradingView's professional charting tools. Security features include biometric authentication, token safety warnings, and tax reporting integration with Awaken; wallet key handling is delegated to Privy.

The business model is transaction-based: fomo charges a 0.50% minimum fee per spot transaction (subject to a $0.95 floor) and 0.05% per perpetual futures transaction, in addition to underlying third-party protocol fees. Distribution is exclusively product-led through the App Store, fomo.family, and affiliate links, with no enterprise or institutional sales motion. The company has raised approximately $94 million across a $2M pre-seed (Feb 2025), $17M Series A led by Benchmark (Nov 2025), and $75M Series B led by Index Ventures at a $550M post-money valuation (Jun 2026), reaching 625,000+ users, $4 billion in cumulative trading volume, and 17 employees.

Name

fomo

Legal name

FOMO Labs Inc.

Website

https://fomo.family

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Fomo is a social-first, non-custodial crypto trading app that lets retail users trade across Solana, Base, BNB Chain, and Monad from a single balance, with 30-second onboarding, Apple Pay funding, leaderboards, and social-trading features serving 625,000+ users since its 2025 launch.

Ownership category

akta.pro rank

Product category

Crypto Trading Platform

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Crypto Payment Gateways & Checkout APIs (FSADAIAA)

Keywords

• Social crypto trading
• Cross-chain swap
• Perpetual futures trading
• Memecoin trading platform
• Non-custodial wallet

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Transaction Fees: Fomo charges a minimum fee of 0.50% per transaction (subject to a minimum fee of $0.95 per transaction) for all buy and sell transactions. For perpetual futures (Perps) transactions, the fee is 0.05% per transaction. These fees are charged in addition to any fees from third-party protocols (trading fees, gas fees, funding rate payments).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

fomo is a non-custodial, social-first multi-chain crypto trading application that lets users buy, sell, and trade any digital asset across Solana, Base, BNB Chain, and Monad from a single unified USD balance. The platform combines cross-chain execution with social trading features (leaderboards, real-time trade feed, follower notifications) and offers perpetual futures contracts on pre-IPO, equity, crypto, index, and commodity assets.

Differentiator

Problem solved

Functional benefit

Products and services

• fomo Mobile App Native iOS trading application for retail crypto traders enabling spot trading across Solana, Base, BNB Chain, and Monad from a single USD balance, with social feed, leaderboards, follower alerts, Apple Pay funding, and biometric security.
• fomo Web Platform Desktop web trading platform that mirrors the mobile app experience, including cross-chain spot swaps, social feed, leaderboards, and professional TradingView charting.
• Perpetual Futures Trading Perpetual futures contracts covering pre-IPO tokens, equities (e.g. NVDA, GOOGL), crypto, equity indices, and commodities, settled via Hyperliquid and Trade.xyz infrastructure.

Quantifiable outcome

• 625,000+ users onboarded in approximately one year
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature10 records

Partnerships

Seven partnerships are on record, tiered core, supporting and minor.

• HyperliquidcoreTechnology or Integration · 11 June 2026Perpetual futures on Fomo are powered by Hyperliquid protocol. Hyperliquid provides the underlying infrastructure for perp trading including execution, matching, and settlement.
• Trade.xyzcoreTechnology or Integration · 11 June 2026Trade.xyz partners with Hyperliquid to power Fomo's perpetual futures trading, providing additional infrastructure for perp execution and settlement.
• TradingViewcoreTechnology or Integration · 14 April 2026Fomo partnered with TradingView to integrate their industry-leading charting technology directly into fomo web. Users get professional-grade charts with 100+ technical indicators, drawing tools, and multiple timeframes, combined with Fomo's social data overlay.
• CoinbasecoreTechnology or Integration · 31 January 2026Fomo integrated Coinbase's native fiat-to-crypto onramp, enabling Apple Pay funding directly within the app. This allows users to add funds instantly without separate exchange accounts or wire transfers.
• AwakensupportingTechnology or Integration · 31 January 2026Fomo partnered with Awaken for third-party tax reporting integration. Users can access tax settings from the app, connect to Awaken, and generate tax reports for filing from their trade history.
• PrivysupportingTechnology or IntegrationPrivy is the third-party service provider used by Fomo for wallet key transmission. When users create a Trading Wallet, private keys are transmitted via Privy.
• SEC (Regulatory)minorOthersFOMO Labs Inc. filed a Form D notice with the SEC for an exempt equity offering of $19,302,410 under Rule 506(b) and 506(c), fully subscribed by 77 investors with first sale date October 16, 2025.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Axiom: Solana-native memecoin and viral-token trading app with social discovery features. Most direct competitor to Fomo's social-first spot trading UX and target user (active memecoin traders).
• Phantom: Consumer crypto wallet with integrated swap and perpetual futures (via Hyperliquid) trading. Competes with Fomo for the same mobile-first, multichain retail crypto audience with comparable UX focus.
• Jupiter: Solana's leading DEX aggregator that has expanded into perpetuals (Jupiter Perps via Hyperliquid) and a consumer swap product. Direct overlap with Fomo's cross-chain and perp trading value proposition.
• dYdX: Decentralized perpetual futures exchange and prior employer of all three Fomo co-founders. Competes in the same perpetual futures category and shares a deep cultural and architectural lineage with Fomo.
• Hyperliquid: Decentralized perpetual futures exchange whose infrastructure powers Fomo's perps product. Both an infrastructure partner and a direct competitor users can trade through natively.
• eToro: Social trading platform with copy-trading, leaderboards, and a multi-asset product spanning stocks and crypto. Closest analogue to Fomo's social-first, follow-the-trader model in a regulated public-company context.

Broad incumbents

• Robinhood: Largest consumer-first multi-asset trading platform in the U.S. with crypto, equities, and perpetuals. Overlaps with Fomo on the retail-trader, mobile-first, social-pretend value proposition but at vastly larger scale and regulatory cost.
• Coinbase: Largest U.S. crypto exchange and a key Fomo partner (powers Apple Pay onramp). Competes indirectly via Coinbase Wallet and Base-native apps while providing critical fiat infrastructure to Fomo's onboarding flow.

Emerging players

• Bullx: Solana-native memecoin trading terminal with social feeds and copy-trading features. Direct niche overlap with Fomo's memecoin-trader persona and an acquisition candidate given Fomo's stated M&A intent.
• GMX: Decentralized perpetual futures exchange on Arbitrum and Avalanche. Competes with the perpetuals leg of Fomo's product roadmap and exemplifies the on-chain perp DEX category Fomo is targeting via Hyperliquid.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/tryfomo
• YouTubeyoutube.com/channel/UCQAgxFZYn2GhYKrXG4ypnUg
• LinkedInlinkedin.com/company/tryfomo
• Instagraminstagram.com/tryfomo

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about fomo