Moonpay collected $400 Milln in the first round of financing – Bits Media

The cryptocurrency payment startup MoonPay announced the successful completion of the first round of funding, during which the $400 million. Now the capitalization of the company is evaluated in $3.4 billion.

Moonpay provides users with the opportunity to use credit cards for buying cryptocurrencies in such markets, Like Opensea, Bitcoin.com, Open и zengo. The service was launched in 2019 year, However, it already has more 5 million users, and in the list of supported assets there are more 80 positions.

Such large -scale rounds of financing are usually unusual for three -year startups, Not to mention the general capitalization of the company. Such venture companies took part in the round of financing, как Tiger Global Management и Coatue Management.

Recently, traditional venture companies are increasingly paying attention to cryptocurrency startups - this allows you to increase profit and gives access to the promising industry.

In early October, the Coin Switch Kuber Indian cryptocurrency exchange attracted the round of funding $260 million. Now the capitalization of the site is evaluated in $1.9 billion.