The company last raised $555M at a $3.4B valuation in November 2021. Here are the top-line bullets you need to know.
MoonPay, a crypto payments infrastructure provider, has raised $87M from angel investors, including Justin Bieber, Shawn Mendes, Mindy Kaling, Drake, and Kate Hudson.
How’s the company performing?
- Florida-based MoonPay allows consumers to buy cryptocurrency using a credit card.
- The company has processed nearly $3B in transactions for more than 10M customers.
- The startup has partnered with over 260 service providers, including Coinbase, FTX, OpenSea, and MetaMask.
- MoonPay has witnessed over 1700% growth since its launch.
Source: MoonPay
Why does the market matter?
- The cryptocurrency market is expected to reach a value of $2.2B by 2026, growing at a CAGR of 7.1%, according to Markets and Markets.
- The rising number of crypto applications across industries has contributed to market growth.
- The growth of crypto has given rise to concerns regarding its potential to enable fraud and financial crime, increasing regulatory pressure as well as the demand for analytics tools for compliance and risk management.
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