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Crypto funds infrastructure platform MoonPay closes $555 million Collection A » CryptoNinjas

Written by James Smith

MoonPay, a crypto payments infrastructure provider, right now introduced it has closed a $555 million Collection A financing spherical led by Tiger World 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 nations and has processed greater than $2 billion in transactions up to now.

“MoonPay is the world’s largest supplier of crypto funds infrastructure that allows 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 clients the flexibility to purchase and promote crypto-assets shortly in a really user-friendly manner.

Moreover, MoonPay additionally helps shoppers set up an id that, as soon as verified, can be utilized throughout all the 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. Corporations resembling OpenSea, the biggest market for NFTs, uncommon digital objects, and crypto collectibles, work with MoonPay to supply customers a quick and protected manner to purchase and promote any digital asset.

That is a part of a method to merge the creator financial system with the crypto financial system in order that artists reap better rewards from their exhausting work. Most not too long ago, artists like Publish Malone and celebrities like Jimmy Fallon have dipped their toes into the NFT house utilizing MoonPay.

In simply 2.5 years because it was based, MoonPay has:

  • Processed greater than $2 billion in transactions
  • Seen greater than 35x progress in transaction quantity
  • Persistently achieved greater than 30% month-to-month income progress
  • Constructed a buyer base of greater than 7 million customers
  • Grown its accomplice ecosystem by greater than 5x
  • Facilitated greater than 30 fiat currencies and greater than 90 cryptocurrencies

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James Smith

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