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MoonPay closes $555m in all-equity Series A, securing $3.4bn valuation
Today MoonPay, the leading global crypto payments infrastructure provider, announces it has closed a $555m Series A financing round, led by Tiger Global Management and Coatue, with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA. The successful round brings the bootstrapped and profitable company’s post-money valuation to $3.4 billion and comes just two and a half years after its inception.
The equity-only round will be used to continue to drive exponential growth for MoonPay, enabling the company to rapidly accelerate global expansion, further invest in a world-class team, and support an expanding number of innovations in the crypto economy. This will help the company achieve its mission to give the next billion people access to cryptocurrencies by 2030.
MoonPay’s payment infrastructure interface provides a simple entry point into the cryptocurrency market by allowing people to transact from traditional fiat currencies to cryptocurrencies using all major payment methods. Deployed by the world’s leading crypto companies such as Bitcoin.com, which has used the MoonPay platform to help scale its revenue by over 500%, MoonPay provides the tools and licenses required to securely process crypto payments. MoonPay’s interface offers robust Know Your Customer (KYC) checks, secure payment processing, seamless access to crypto liquidity and delivery, effective fraud prevention and custom checkout flows, thus enabling its partners to optimally service their end clients.
Beyond crypto, MoonPay’s NFT (non-fungible token) solution has been increasingly gaining traction in the NFT space that has seen explosive growth recently. Companies such as OpenSea, the largest marketplace for NFTs, rare digital items and crypto collectibles, trust MoonPay to provide users a simple, fast and safe way to buy and sell any digital asset.
Since inception in 2019, MoonPay has:
- Processed more than $2bn in transactions
- Secured more than 250 partners across 160 countries
- Facilitated over 30 fiat currencies and over 90 cryptocurrencies
- Built a customer base of more than 7 million users
Since 2020, MoonPay has experienced a 35x growth in transaction volume.
Commenting on the raise, Ivan Soto-Wright, Co-founder and CEO of MoonPay, said:
“MoonPay is the world’s largest provider of crypto payments infrastructure that helps any organization bridge traditional finance and crypto. We set out to democratize the crypto ecosystem by creating a foundation that helps entrepreneurs around the world accelerate their time to market from 12 months or more to a matter of weeks. We’re now on our way to help to create trillions of dollars worth of digital value over the next decade.
“Our work, however, is far from finished. This fundraise will support us in our mission to fully democratize finance and continue to expand across all markets – offering new payment methods and reaching new customers. We look forward to growing our team as part of this goal and leading integration into the crypto economy.”
Kris Fredrickson, Managing Partner at Coatue, added:
“We are excited about the opportunity in crypto, but one of the challenges to mainstream adoption is offering the same seamless experience that users have come to expect from modern internet products. MoonPay has impressed us with its product, infrastructure, and execution.
“We think that the crypto economy today is growing faster than the internet was at a similar stage of its development and that MoonPay is well-positioned to serve crypto-native innovators and those in traditional finance.”
John Curtius, partner at Tiger Global, added:
“We are delighted to back Ivan and the world-class team at MoonPay. We spoke to many of the company’s customers during diligence who highlighted MoonPay’s compelling user experience and expressed conviction in the company’s market leadership. MoonPay has already established itself as an iconic company as it better enables the world to participate in the crypto economy.”
Matt Huang co-founder and managing partner of Paradigm, added:
“Crypto is growing rapidly, but bringing aboard the next billion people requires services that make it even easier to access. MoonPay has built a simple and secure way for people globally to participate in this new economy.”
Ophelia Brown, founder of Blossom Capital, added:
“MoonPay gives users the quickest and easiest passport to the crypto-economy by seamlessly transitioning them from the old world economy to the new. Every day we’re seeing new innovative web3 applications, across finance, art, music and much much more, enabled by Moonpay’s world-class infrastructure.
The growth, scale and ambition of the company is astounding and truly unique. Despite already having reached such heights, we believe this is just the beginning for the team. MoonPay is building a once in a generation company that will open up the crypto economy to the billions and will forever be considered a pioneer in its evolution.”
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Galaxy Launches GalaxyOne, Bringing Institutional-Quality Financial Offerings to Individual Investors
Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) today launched GalaxyOne, a financial technology platform offering U.S.-based individual investors to access high yields on fiat cash, alongside crypto and equities trading in a single digital experience. Accredited investors1 can access 8.00% Annual Percentage Yield (APY) through Galaxy Premium Yield2, while all investors can earn 4.00% APY3 on cash deposits and the ability to auto-reinvest earned interest into bitcoin or other supported crypto – all backed by Galaxy's financial expertise, rigorous risk management, and white-glove client service.
"We've spent years building institutional-quality infrastructure to serve the world's most sophisticated investors. Now, we're extending that edge to individuals," said Mike Novogratz, Founder and CEO of Galaxy. "Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments."
GalaxyOne, which is available on mobile (iOS and Android) and online in the U.S., launches with four core products:
- Galaxy Premium Yield 2: Earn 8.00% APY through an investment note issued by Galaxy Digital LP, a subsidiary of Galaxy Digital Inc. and available exclusively to U.S. accredited investors on GalaxyOne. Yield is generated by Galaxy's institutional lending business, active since 2018. Each investment requires a $25,000 minimum and is capped at $1 million per investor with an initial $250 million total investment cap. Interest accrues daily and is paid monthly into the GalaxyOne Cash account.
- GalaxyOne Cash 3: Earn 4.00% APY in a high-yield cash deposit account FDIC insured up to $250,000. Banking services are provided by Cross River Bank, member FDIC.
- GalaxyOne Crypto: Buy, trade, hold and transfer major blue-chip digital assets, including bitcoin (BTC), ethereum (ETH), and solana (SOL). Transparent pricing, recurring purchases and real-time execution are available on the platform.
- GalaxyOne Brokerage: Access commission-free trading of more than 2,000 U.S stocks and ETFs in individual brokerage accounts. Retirement accounts (traditional and Roth IRAs) are also available. Fractional share trading is available with a $10 minimum per trade. Clients have the option to earn passive income by lending their eligible stocks through the GalaxyOne Stock Lending program4.
GalaxyOne was originally developed under the name Fierce, which Galaxy acquired in 2024. The platform is led by Zac Prince, Managing Director at Galaxy, alongside the original development team. Fierce's former CEO, Rob Cornish, will continue to support the platform's operations as Chief Technology Officer of Galaxy. GalaxyOne sits alongside GalaxyOne Institutional as part of a unified suite of products, each tailored to client needs, but both built to Galaxy's institutional standards of security, scale, and risk management.
"As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries," said Mr. Prince. "GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access U.S. equities, all supported by Galaxy's financial discipline, institutional oversight, and professional team trusted by some of the world's most sophisticated institutions. We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients. This is just the beginning."
To sign up and learn more about GalaxyOne, please visit: https://one.galaxy.app/sign-up
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Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
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