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

MoonPay, a crypto funds infrastructure supplier, at present 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 to this point.

“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 identification 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 rapidly in a really user-friendly method.

Moreover, MoonPay additionally helps shoppers set up an identification that, as soon as verified, can be utilized throughout your entire 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 similar to OpenSea, the most important market for NFTs, uncommon digital objects, and crypto collectibles, work with MoonPay to offer customers a quick and secure method to purchase and promote any digital asset.

That is a part of a method to merge the creator economic system with the crypto economic system in order that artists reap better rewards from their arduous work. Most just lately, artists like Put up 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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