MoonPay, a crypto funds infrastructure supplier, immediately introduced it has closed a $555 million Collection A financing spherical led by Tiger International Administration and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA.
The corporate’s fiat-to-crypto on-ramp powers greater than 250 wallets, web sites, and functions in additional than 160 international locations and has processed greater than $2 billion in transactions up to now.
“MoonPay is the world’s largest supplier of crypto funds infrastructure that permits any group to bridge conventional finance and crypto.”
– MoonPay Co-Founder & CEO Ivan Soto-Wright
Moonpay’s providing of KYC, fee processing, crypto liquidity, fraud prevention, regulatory licenses, ecosystem id verification, and customized checkout flows help companies in order that they, in flip, can provide their prospects the flexibility to purchase and promote crypto-assets rapidly in a really user-friendly means.
Moreover, MoonPay additionally helps shoppers set up an id that, as soon as verified, can be utilized throughout the whole MoonPay ecosystem with out having to repeat the onboarding course of.
Past crypto funds, MoonPay’s NFT (non-fungible token) answer has been gaining traction. Firms corresponding to OpenSea, the biggest market for NFTs, uncommon digital objects, and crypto collectibles, work with MoonPay to offer customers a quick and protected means to purchase and promote any digital asset.
That is a part of a technique to merge the creator economic system with the crypto economic system in order that artists reap larger rewards from their exhausting work. Most just lately, artists like Publish Malone and celebrities like Jimmy Fallon have dipped their toes into the NFT area utilizing MoonPay.
In simply 2.5 years because it was based, MoonPay has:
- Processed greater than $2 billion in transactions
- Seen greater than 35x development in transaction quantity
- Constantly achieved greater than 30% month-to-month income development
- Constructed a buyer base of greater than 7 million customers
- Grown its companion ecosystem by greater than 5x
- Facilitated greater than 30 fiat currencies and greater than 90 cryptocurrencies