MoonPay, often dubbed the "PayPal for crypto," has secured a $3.4 billion valuation** following a **$555 million funding round led by Tiger Global Management and Coatue. The Miami-based company plans to expand its workforce by 200 employees, doubling its current team of 130, with roles spanning customer support, compliance, and global operations.
Key Highlights
- Valuation: $3.4 billion post-funding.
- Funding: $555 million Series A led by Tier-1 investors.
- Hiring: 200 new jobs across Miami and global offices.
- User Growth: 7 million customers and $2 billion in crypto transactions processed since 2019.
MoonPay’s Mission and Growth Strategy
MoonPay simplifies fiat-to-crypto conversions for users worldwide, supporting payment methods like credit cards and Apple Pay. CEO Ivan Soto-Wright emphasized the company’s goal to democratize crypto access, stating:
"We aim to onboard billions of users to trillions in digital value over the next decade."
The funds will accelerate product development and compliance infrastructure, ensuring seamless transactions as demand grows.
Core Keywords
- Crypto payments
- MoonPay valuation
- Fiat-to-crypto conversion
- Global hiring
- Tiger Global investment
FAQs
Q: What services does MoonPay offer?
A: MoonPay enables users to buy cryptocurrencies using fiat currencies via credit/debit cards, Apple Pay, and other methods.
Q: Where will new hires be based?
A: Roles will be split between Miami HQ and international offices to support global operations.
Q: How does MoonPay compare to PayPal?
A: Unlike PayPal, MoonPay focuses exclusively on crypto transactions, offering specialized tools for businesses and individual users.
👉 Explore MoonPay’s crypto solutions
MoonPay’s 2022 roadmap prioritizes scaling its platform to maintain dominance in the crypto-onboarding space. With investor confidence and strategic hires, the company is poised to redefine digital asset accessibility.
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