Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding
Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company. Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital funding. The VC funding for the crypto payments startup is being co-led by Tiger Global Management and Coatue Management and will inject funds worth $400 million into the bootstrapped company. MoonPay platform allows the purchase and sale of cryptocurrencies and....
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Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services for onboarding users with fiat currency.
Moonpay Snags $3.4 Billion Valuation
Moonpay, a startup that specializes in processing payments to purchase cryptocurrencies, has raised $555 million in its first financing round. The....
Launched in 2019, MoonPay says it has processed more than $2 billion in transactions and hit 7 million users so far. Cryptocurrency fintech startup MoonPay has closed its first-ever venture capital round, reaching $3.4 billion in post-money valuation.The firm officially announced Monday that it closed a $555 million Series A funding round led by prominent industry investors like American investment firm Tiger Global and tech-focused investment manager Coatue. Other participants included Blossom Capital, Thrive Capital, Paradigm, and the New Enterprise Associates venture capital firm.The....
Ashton Kutcher, Gwyneth Paltrow, Justin Bieber and Snoop Dogg are among MoonPay's strategic investors who have brought the company's valuation to $3.4 billion. In November 2021, MoonPay announced a $555 million Series A financing round that brought the crypto payment platform's valuation to $3.4 billion. On Wednesday, the fintech company revealed that $87 million of the total $555 million came collectively from more than 60 public figures and celebrities in the music, sports, media and entertainment industries. While the Series A round was led by firms like Tiger Global Management and....
Rapper Post Malone bought two Bored Ape Yacht Club NFTs for a combined 160 ETH via a new crypto fintech startup MoonPay. Rapper Post Malone is the latest celebrity to move into nonfungible tokens (NFT) by promoting a major NFT project and a cryptocurrency firm.In his latest collaboration with The Weeknd, a music video for “One Right Now,” Malone purchased an NFT from Bored Ape Yacht Club (BAYC), one of the world’s biggest NFT collections featuring 10,000 unique digital collectibles living on the Ethereum blockchain.In the video, Malone buys the NFT via MoonPay, a fintech startup focused on....
Bingbon has further extended the range of fiat currencies available for use on its exchange after partnering with MoonPay. As an international provider of secure fiat-to-crypto transfers, MoonPay’s alliance with Bingbon opens the exchange up to a wider user base and increases the effectiveness of its fiat onramps. Bingbon Meets MoonPay Bingbon’s Product Lead, Daly Young, said the partnership fulfills one of the exchange’s long-term aims of opening up multiple payment options for its users. […]