MoonPay, a crypto payments facilities supplier, today revealed it has actually closed a $555 million Series A funding round led by Tiger Global Management and Coatue with involvement from Blossom Capital, Thrive Capital, Paradigm, and NEA.
The business’s fiat-to-crypto on-ramp powers more than 250 wallets, sites, and applications in more than 160 nations and has actually processed more than $2 billion in deals to date.
“MoonPay is the world’s largest provider of crypto payments infrastructure that enables any organization to bridge traditional finance and crypto.”
– MoonPay Co-Founder & CEO Ivan Soto-Wright
Moonpay’s offering of KYC, payment processing, crypto liquidity, scams avoidance, regulative licenses, community identity confirmation, and customized checkout streams assistance services so that they, in turn, can provide their clients the capability to purchase and offer crypto-assets rapidly in a really easy to use method.
Furthermore, MoonPay likewise assists customers develop an identity that, as soon as validated, can be utilized throughout the whole MoonPay community without needing to duplicate the onboarding procedure.
Beyond crypto payments, MoonPay’s NFT (non-fungible token) option has actually been acquiring traction. Companies such as OpenSea, the biggest market for NFTs, unusual digital products, and crypto antiques, deal with MoonPay to supply users a quick and safe method to purchase and offer any digital possession.
This becomes part of a technique to combine the developer economy with the crypto economy so that artists enjoy higher benefits from their effort. Most just recently, artists like Post Malone and celebs like Jimmy Fallon have actually dipped their toes into the NFT area utilizing MoonPay.
In simply 2.5 years given that it was established, MoonPay has:
- Processed more than $2 billion in deals
- Seen more than 35x development in deal volume
- Consistently attained more than 30% regular monthly income development
- Built a consumer base of more than 7 million users
- Grown its partner community by more than 5x
- Facilitated more than 30 fiat currencies and more than 90 cryptocurrencies