MoonPay

MoonPay is a financial technology company that builds payments infrastructure for crypto.

MoonPay is on a mission to create a simple and secure software solution that would enable people from all over the world to participate in the biggest digital revolution since the internet.

MoonPay was founded in 2018 by Ivan Soto-Wright and Victor Faramond. The company is remotely operated.

 

MoonPay’s payment infrastructure lets people exchange traditional fiat currencies and cryptocurrencies for each other using all major payment methods, including debit and credit cards, Apple Pay, Google Pay and Samsung Pay.

 

MoonPay's platform supports more than 90 cryptocurrencies and over 30 fiat currencies. MoonPay handles the Know-Your-Customer (KYC) checks to verify a customer’s identity, partnering with vendors around the world to ensure compliance with local regulations.

 

MoonPay has processed more than $2B in transactions, with 10 billion end users. MoonPay has started to roll this product out in beta testing with several partners, including OpenSea, Binance and Dapper Labs.

 

MoonPay is backed by Coatue, Tiger Global, Paradigm, NEA, Thrive, Justin Bieber, Gwyneth Paltrow, Drake, and others. The company raised $87M in new financing on Apr 13, 2022. This is an extension of their previous $555M Series A round raised in Nov 2021, bringing the amount raised to $642M to date. MoonPay was valued at a $3.4B from the 1st tranche of Series A raised in Nov 2021.

 

 

  • Year founded: 2018
  • Funding Info: $642M over 2 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $3.4B as of Nov 22, 2021
  • City/Town: Miami
  • State: Florida
  • Country: Remote
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