MoonPay Closes $555m Series A Round at $3.4B Valuation

Record investment in payments infrastructure puts company on path to give the next billion people access to the crypto economy by 2030

November 22, 2021 — MoonPay Inc., the leading global crypto payments infrastructure provider, announced it has closed a $555m Series A financing round led by Tiger Global Management and Coatue, with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA.

The successful round brings the bootstrapped and profitable company’s post-money valuation to $3.4 billion and comes just two and a half years after its inception.

The equity-only round will be used to continue to drive exponential growth for MoonPay, enabling the company to rapidly accelerate global expansion, further invest in a world-class team, and support an expanding number of innovations in the crypto economy. This will help the company achieve its mission to give the next billion people access to cryptocurrencies by 2030.

Commenting on the raise, Ivan Soto-Wright, Co-founder and CEO of MoonPay, said:

“MoonPay is the world’s largest provider of crypto payments infrastructure that helps any organization bridge traditional finance and crypto. We set out to democratize the crypto ecosystem by creating a foundation that helps entrepreneurs around the world accelerate their time to market from 12 months or more to a matter of weeks. We’re now on our way to help to create trillions of dollars worth of digital value over the next decade.

“Our work, however, is far from finished. This fundraise will support us in our mission to fully democratize finance and continue to expand across all markets – offering new payment methods and reaching new customers. We look forward to growing our team as part of this goal and leading integration into the crypto economy.”

MoonPay’s payment infrastructure interface provides a simple entry point into the cryptocurrency market by allowing people to transact from traditional fiat currencies to cryptocurrencies using all major payment methods. Deployed by the world’s leading crypto companies such as Bitcoin.com, which has used the MoonPay platform to help scale its revenue by over 500%,

MoonPay provides the tools and licenses required to securely process crypto payments. MoonPay’s interface offers robust Know Your Customer (KYC) checks, secure payment processing, seamless access to crypto liquidity and delivery, effective fraud prevention and custom checkout flows, thus enabling its partners to optimally service their end clients.

Beyond crypto, MoonPay’s NFT (non-fungible token) solution has been increasingly gaining traction in the NFT space that has seen explosive growth recently. Companies such as OpenSea, the largest marketplace for NFTs, rare digital items and crypto collectibles, trust MoonPay to provide users a simple, fast and safe way to buy and sell any digital asset.

Since inception in 2019, MoonPay has:

Processed more than $2bn in transactions
Secured more than 250 partners across 160 countries
Facilitated over 30 fiat currencies and over 90 cryptocurrencies
Built a customer base of more than 7 million users

Since 2020, MoonPay has experienced a 35x growth in transaction volume.