MoonPay, one Crypto payment infrastructure provider, Today announced that it has completed a US$555 million Series A financing led by Tiger Global Management and Coatue, followed by Blossom Capital, Thrive Capital, Paradigm and NEA.
The company’s fiat-to-cryptocurrency portal supports more than 250 wallets, websites, and applications in more than 160 countries/regions, and has processed more than $2 billion in transactions to date.
“MoonPay is the world’s largest provider of encrypted payment infrastructure, which enables any organization to connect traditional finance and encryption.”
– Ivan Soto-Wright, Co-founder and CEO of MoonPay
Moonpay provides KYC, payment processing, encrypted liquidity, fraud prevention, regulatory permission, ecosystem authentication, and custom checkout processes to support enterprises, so that, in turn, they can provide customers with the ability to quickly buy and sell encrypted assets in a very user-friendly way .
In addition, MoonPay also helps consumers establish an identity. Once verified, the identity can be used in the entire MoonPay ecosystem without repeating the registration process.
In addition to encrypted payments, MoonPay’s NFT (Non-Fungible Token) solution has also attracted more and more attention. Companies such as OpenSea, the largest NFT, rare digital items and encrypted collectibles market, have partnered with MoonPay to provide users with a fast and safe way to buy and sell any digital asset.
This is part of a strategy to merge the creator economy with the crypto economy so that artists can get a greater return from their hard work. Recently, artists like Post Malone and celebrities like Jimmy Fallon have used MoonPay to get involved in the NFT field.
Founded only 2.5 years ago, MoonPay has:
- Processed more than $2 billion in transactions
- Transaction volume increased by more than 35 times
- Continue to achieve monthly revenue growth of more than 30%
- Established a customer base of more than 7 million users
- Expanded its partner ecosystem by more than 5 times
- Promoted more than 30 fiat currencies and more than 90 cryptocurrencies