Latest News

Cryptocurrency payments start-up Moonpay hits $3.4bn

By Will McCurdy

Cryptocurrency payments start-up Moonpay has raised $555 million at a valuation of $3.4 billion.

MoonPay was founded in 2019 by Ivan Soto-Wright and Victor Faramond.

The company provides infrastructure that allows users to exchange traditional fiat currencies and cryptocurrencies using payment methods such as debit and credit cards, Apple Pay, Google Pay, and Samsung Pay.

The all-equity Series A funding round was led by US investment firm Tiger Global and institutional investor Coatue.

Other participants in the round included Blossom Capital, Thrive Capital, Paradigm, and New Enterprise Associates.

Moonpay said the capital will be used to make new hires, expand its geographical coverage, and add additional payment methods.

The company said its platform supports over 90 cryptocurrencies and over 30 fiat currencies, and that it has facilitated transactions in over 90 cryptocurrencies and built a userbase of over 7 million.

The new comes after Winklevoss twin-founded crypto exchange Gemini raised $400 million at a valuation of $7.1 billion last week.

Bitcoin is currently trading at a valuation of $57,000.

    Share Story:

Recent Stories

Barclays issued with $361m penalty

Toqio raises €20m in Series A funding round

Penfold launches Advisor Portal aimed at SMEs


Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

BANNER

BANNER

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

© 2019 Perspective Publishing     Privacy & Cookies