MoonPay Closes $555M Funding Round

Moonpay, a Palm Beach, Fla.-based crypto payments infrastructure provider, closed a $555m Series A financing. 


The round, which brought the post-money valuation to $3.4 billion, was led by Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA.

The company intends to use the funds to accelerate its global presence, further invest in its team, and underwrite an expanding number of innovations in the crypto economy.

Led by co-founder and CEO Ivan Soto-Wright, MoonPay is a crypto payments infrastructure provider whose on-and-off-ramp suite of products provides a simple experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit cards, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is active in more than 160 countries and is used by 250+ leading wallets, websites, and applications to accept payments and defeat fraud in more than 160 countries. The solution has processed more than $2 billion in transactions to date.

The company’s comprehensive offering of KYC, payment processing, crypto liquidity and delivery, fraud prevention, regulatory licenses, ecosystem identity verification, and custom checkout flows provides support to businesses so that they, in turn, can offer their customers the ability to buy and sell digital assets quickly in a user-friendly way. MoonPay also helps consumers establish an identity that, once verified, can be used across the entire MoonPay ecosystem without having to repeat a cumbersome onboarding process.

Beyond crypto, MoonPay’s NFT (non-fungible token) solution has been increasingly gaining traction in the NFT space. Companies such as OpenSea, a large marketplace for NFTs, rare digital items and crypto collectibles, use it to provide users a safe way to buy and sell any digital asset.