Singapore Startup Based Secures $11.5 Million in Funding for AI-Driven Agentic Commerce

Based, a Web3 app combining trading, crypto wallet, fiat on- and off-ramps, and a crypto-linked Visa card in one mobile interface, has secured $11.5 million in funding from Pantera Capital and Coinbase Ventures.

The startup, which integrates perpetual futures trading, prediction markets, and crypto spending through Hyperliquid infrastructure, has already surpassed 100,000 registered users and 30,000 monthly active users across five regions.

Based's revenue mainly comes from trading fees generated through its interface and card-related income. The company is also developing Based Cloud, allowing partners to deploy custom trading front ends on its infrastructure.