Crypto company MoonPay has raised investments in the amount of $555 million
The startup has successfully completed a Series A funding round with major funds
23.11.2021 - 09:45
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What’s new? As reported by Cointelegraph, a crypto-payment provider MoonPay held a Series A funding round, which managed to raise $555 million in investments. The company's valuation rose to $3,4 billion after the round.
News source on the Cointelegraph website
Who participated? The round was led by two major funds. They are Coatue and Tiger Global Management. Other participants include companies such as NEA, Thrive Capital, Blossom Capital, and Paradigm.
What will the funds be used for? MoonPay noted that the funding it has received will go towards promoting the company globally and increasing the number of employees. The payment provider currently has a customer base of more than 7 million users from 160 countries, and since its inception in 2019, MoonPay has processed around $2 billion in transactions.
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