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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 2 sources · 20 days · First seen · Last updated

Fomo social finance platform growth

Overview

The financial social network Fomo has experienced significant growth in its user base and trading activity. In October 2026, the platform reported reaching 2.7 million international users with a daily trading volume of approximately $200 million, bringing its cumulative volume to between $14 billion and $15 billion.

By November 2026, FOMO Labs Inc. reported exceeding $4 billion in trading volume and 625,000 users, noting more than 110 million unique social interactions since launch. The company secured $75 million in Series B funding led by Index Ventures, with additional support from Union Square Ventures. While the platform maintains high app store ratings, some online discussions have raised questions regarding user experience.

Entities

FOMO · Park Se-yong · Union Square Ventures · FOMO Labs Inc. · Index Ventures

Timeline

  1. [BUSINESS] 2 sources
    FOMO Labs Inc. expands social finance network following $4 billion trading milestone

    FOMO Labs Inc. is expanding its social finance platform after reaching $4 billion in trading volume and securing $75 million in Series B funding led by Index Ventures.

  2. [BUSINESS] 2 sources
    Fomo reaches 2.7 million users with $200 million daily trading volume

    Fomo has reached 2.7 million international users and $200 million in daily trading volume, aiming to build a social finance network connecting digital assets, stocks, and commodities.

Sources

cryptosnewss.com · techfinancials.co.za