Moonpay collects $ 555 million in the first round of financing-

Von Krypto News Österreich

Moon number

Moonpay, a payment service provider for cryptocurrencies, raised $ 555 million during his first round of financing. Under the direction of Tiger Global Management, this financing round of Serie A has increased the company's assessment to $ 3.4 billion that are used for expansion efforts. The Fiat-to-crypto ramp provided by MoonPay is the key to several hundred wallets and services for the onboarding of users with FIAT currency.

Moonpay gets an evaluation of $ 3.4 billion $

MOONPAY, a startup that specializes in the processing of payments to buy cryptocurrencies, has brought up in its first Financing round. Serie A financing round was led by Tiger Global Management and Coatue with the participation of Blossom Capital, Thrive Capital, Paradigm and NEA. With this round, the company's evaluation reached $ 3.4 billion.

John Curtius, a partner at Tiger Global, said:

During the diligence, we spoke to many customers of the company who emphasized Moonpay's convincing user experience and expressed their conviction of the company's market leadership. Moonpay has already established itself as an iconic company because it enables the world to participate in the crypto economy better.

Extension plans and functionality

With these means, MoonPay reports that an expansion phase will begin to invest and plan in more developers for his team to add further functions for his platform. The company's focus is on a number of tools for customers. In order for cryptocurrency exchanges and wallets to offer fiat-on-ramping services, you must adhere to a number of rules, including Know your Customer (KYC) and anti-Money Laundering (AML) regulations.

MOONPAY claims to simplify this process by providing a third -party solution so that companies can concentrate on business, while it is KYC, payment processing, crypto liquidity and delivery, fraud prevention, official licenses, identity examination of the ecosystem and. takes care of custom checkout flows.

Matt Huang, co -founder of Paradigm, said:

crypto grows quickly, but to bring the next billion people on board, services are required that make access even easier. Moonpay has created a simple and safe way so that people worldwide can participate in this new economy.

What do you think of the first round of financing from Moonpay? Tell us in the comment area below.

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