MoonPay is a technology company.
MoonPay has raised $647.0M across 2 funding rounds.
Key people at MoonPay.
MoonPay has raised $647.0M in total across 2 funding rounds.
Key people at MoonPay.
MoonPay is a fintech company that builds payment infrastructure enabling users to buy, sell, and swap cryptocurrencies using fiat currencies via everyday methods like credit cards, Apple Pay, PayPal, bank transfers, and more[1][2][3][5][6]. It serves both individual consumers—nearly 30 million verified accounts across 180 countries—and businesses, powering crypto on-ramps for nearly 500 partners including wallets, exchanges like Coinbase and OpenSea, and apps, solving the problem of seamless fiat-to-crypto conversion without fraud, chargebacks, or complex integrations[1][3][5]. MoonPay's growth includes processing over $2 billion in transactions by 2021, achieving profitability since 2019, and expanding to support 110+ cryptocurrencies in 160+ countries as of 2024, positioning it as a key "gateway to Web3" and "express checkout for crypto"[1][2][3][5].
MoonPay was founded in 2019 in Miami by Ivan Soto-Wright (CEO), Victor Faramond, and Maximilian Crown, starting with a team of five as a crypto payment exchange allowing fiat-to-crypto purchases stored in users' own wallets[1][3]. Soto-Wright and co-founders emerged from the fintech space with a vision to democratize crypto access for the next billion users, bridging traditional finance and the "Internet of Money" amid rising blockchain adoption[2][4]. Early traction built quickly: by 2021, it hit $2 billion in processed volume, 7 million customers, $150 million revenue, and integrations with major platforms like OpenSea; it reported profitability from launch and scaled to 250 partners across 160 countries by 2022[1][3].
MoonPay rides the wave of cryptocurrency mainstreaming and Web3 expansion, providing essential fiat on-ramps amid the shift to blockchain-based finance for the 1.7 billion unbanked[1][4]. Its timing aligns with post-2019 crypto booms, NFT surges (e.g., OpenSea integrations), and regulatory maturation, enabling real-world use cases like cross-border payments and value storage without legacy banking[2][3][4]. Market forces like rising stablecoin adoption, decentralized apps, and global payment digitization favor its scalable infrastructure, which accelerates ecosystem growth by onboarding millions—over 35 million verified users—while upholding compliance amid geopolitical tensions (e.g., pausing services in Ukraine/Russia/Belarus in 2022)[1][3][5]. It influences the landscape by partnering with exchanges, wallets, and fintechs, democratizing "financial participation at scale" and paving crypto's path to one-billion users[4].
MoonPay is primed to expand as crypto infrastructure provider, targeting full global fiat coverage (every major method/geography) with unwavering compliance, amid trends like stablecoin proliferation, AI-driven DeFi, and tokenized real-world assets[4][5]. Regulatory clarity in key markets and partnerships with emerging Web3 players could drive transaction volumes beyond historical peaks, evolving its role from on-ramp to comprehensive blockchain payment layer. As the "express checkout for crypto" scales to power the next adoption wave, MoonPay remains the trusted gateway simplifying fiat-to-digital money for millions worldwide[1][6].
MoonPay has raised $647.0M in total across 2 funding rounds.
MoonPay's investors include 01 Advisors, Alumni Ventures, Angel investor, Bain Capital, Banana Capital, Bascom Ventures, B Capital Group, BITKRAFT Ventures, Bullpen Capital, Casa Verde Capital, Coelius Capital, Galaxy Digital.
MoonPay has raised $647.0M across 2 funding rounds. Most recently, it raised $87.0M Series A in April 2022.
