MoonPay Reaches $3.4 Billion Valuation With Series A Round
Washington, DC – November 30, 2021 – Cooley advised MoonPay, a payment infrastructure provider for crypto companies, on its $555 million Series A financing round, which brings its valuation to $3.4 billion. Lawyers Derek Colla and Asheley Walker led the Cooley team advising MoonPay.
Tiger Global Management and Coatue led the round, with participation from Blossom Capital, Thrive Capital, Paradigm and NEA. MoonPay will use the new capital to continue its remarkable growth, enabling the company to accelerate international expansion and broaden its world-class team.
“MoonPay is the world’s largest provider of crypto payments infrastructure that enables any organization to bridge traditional finance and crypto,” Ivan Soto-Wright, co-founder and CEO of MoonPay, said in a blog post. “We set out to democratize access to the crypto economy by providing the tools for businesses to onboard new users with magical product experiences. We are on a mission to help billions of people access trillions of dollars of digital value over the next decade and beyond.”
MoonPay’s goal is to give the next billion people access to cryptocurrency – a technology that ultimately has the power to affect as many lives as the internet. The company’s payment infrastructure provides a simple entry point into the cryptocurrency market by allowing people to convert traditional fiat currencies to cryptocurrencies using all major payment methods.
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