Leading crypto payments infrastructure provider MoonPay Inc has just closed a $555 million Series A investment round, led by Tiger Global Management and Coatue and participated by Blossom Capital, Thrive Capital, Paradigm, and NEA.
Currently, the company is valued at $3.4 billion after the completion of this financing round. This would be helpful in rapidly accelerating its global footprint, further investing in its world-class team, and underwrite an increasing number of innovations within the crypto economy.
We are delighted to back Ivan and the world-class team at MoonPay. We spoke to many of the company’s customers during diligence who highlighted MoonPay’s compelling user experience and expressed conviction in the company’s market leadership. MoonPay has already established itself as an iconic company as it better enables the world to participate in the crypto economy.
John Curtius, Partner at Tiger Global
MoonPay is trusted by leading crypto asset and blockchain technology firms such as Bitcoin.com, which has deployed MoonPay in order to scale revenue by over 500%.
More than 250 wallets, websites and applications across over 160 countries have been powered by MoonPay’s fiat-to-crypto on-ramp. The company has processed over $2 billion worth of transactions as of now.
Aside from crypto, MoonPay’s NFT solution has received more traction due to the explosive popularity of NFT these days. The company is trusted by companies like OpenSea — the largest marketplace for NFTs, rare digital items and crypto collectibles — to enable users to buy and sell any digital asset in a simple, fast and safe way.