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MoonPay: Rides the crypto wave with $555m all-equity Series A round | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

MoonPay: Rides the crypto wave with $555m all-equity Series A round

MoonPay: Rides the crypto wave with $555m all-equity Series A round

  • MoonPay, has closed a $555 million Series A financing round. This has been led by Tiger Global Management and Coatue
  • The round brings the company’s post-money valuation to $3.4 billion a mere two and a half years after its inception
  • The company says the equity-only round will be used to rapidly accelerate global expansion, add resources
  • This will further it’s stated mission to give the next billion people access to cryptocurrencies by 2030.
  • The company’s payment infrastructure interface provides an entry point into the cryptocurrency market
  • The company’s interface offers to know your customer (KYC) checks, secure payment processing, access to crypto liquidity and delivery

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