MoonPay Raises $555 Billion at $3.4 Billion Valuation for Cryptocurrency Industry

MoonPay is a start-up that allows its clients buy and sell cryptocurrencies with the help of conventional payment methods such us bank transfers, credit cards, and mobile wallets. The company also sell its technology to different businesses:, OpenSea, etc.
The recent Series A round was led by Tiger Global Management and Coatue Management. Other participants were Blossom Capital, Thrive Capital, Paradigm and the New Enterprise Associates. This capital is the first raised by MoonPay since its launching.
MoonPay was founded in April 2019 by Ivan Soto-Wright and Victor Faramond in the USA. The main company’s focus is on providing infrastructure to crypto and organization crypto-to-fiat transactions for fiat currencies and cryptocurrencies. Besides, MoonPay has a native NFT solution for users to buy and sell them. Recently Post Malone, rapper, promoted MoonPay in a video with The Weeknd by buying two Bored Ape Yacht Club NFTs. With the fundings raised, the company is planning to hire new talents, and continue its expansion globally.

Previous Post

Sierra Space Raises $1.4 Billion at $4.5 Billion Valuation for Commercial Space Industry

Next Post

J&T Express Raises $2.5 Billion at $20 Billion Valuation for Logistics Industry

Related Posts