Draft:MoonPay
 | |
| Company type | Private |
|---|---|
| Founded | 2018 |
| Headquarters | |
Area served | Worldwide |
Key people |
|
| Website | www |
MoonPay Inc. (MoonPay) is a web3 infrastructure company active in more than 160 countries.[1] Its core products help users convert between fiat currencies and cryptocurrencies using payment methods like debit and credit card and Apple Pay.[2]
The company also releases products that make other aspects of web3 easier for users. NFT Checkout, for example, which was released shortly after 2021’s Non-fungible token boom, allows users to buy NFTs with a credit or debit card.[3]
MoonPay won “Best Cryptocurrency Purchasing Site” at the annual FinTech Breakthrough Awards in 2021 and 2022.[4]
History[edit]
MoonPay was founded in 2018 by co-founders Ivan Soto-Wright and Victor Faramond.[5]
In November 2021, the company closed an historic $555 million Series A financing round that raised its valuation to $3.4 billion.[6]At the time, this was the largest and highest valued Series A for any bootstrapped crypto company globally.[7]It was later announced that $87 million of this funding was sourced from 60 high-profile investors, including celebrities such as Bruce Willis, Diplo, James Corden, Kate Hudson, and Paris Hilton.[8]
In January 2022, MoonPay launched NFT Checkout: a plug-and-play solution that allows users to purchase an NFT with a credit or debit card.[9]The product has been used to facilitate payments for NFT drops, and is integrated in leading NFT marketplaces such as OpenSea.[10]
MoonPay was named to CNBC's tenth annual Disruptor 50 list in May 2022.[11]Companies were chosen after a selection process using CNBC’s proprietary Disruptor 50 methodology. Although financials were not the primary nomination criteria, in total the firms named to the list have raised a half-trillion dollars in venture capital.[12]
In June 2022, MoonPay launched HyperMint: a self-service platform that enables users to create and deploy smart contracts at scale.[13] Brands that have used HyperMint include Universal Studios[14], Alo Yoga[15], and FTR[16].
In October 2022, MoonPay announced its partnership with CR Flamengo, Brazil’s most popular football team.[17]As part of the partnership, MoonPay will help Flamengo leverage NFTs and web3 to deepen fan engagement. MoonPay CEO Ivan Soto-Wright visited Flamengo’s headquarters in Rio to sign the deal and was presented with the new basketball jersey for the 2022-23 season. The jersey has MoonPay’s logo emblazoned on the back.
In November 2022, MoonPay hired Keith Grossman as its President of Enterprise.[18]From 2019-2022, Grossman was President at Time (magazine), where he pioneered the media company’s NFT business.
In December 2022, MoonPay received a license with the Financial Conduct Authority, a financial regulatory body in the United Kingdom.[19]
References[edit]
- ^ "What are MoonPay's supported countries, states, and territories?". MoonPay Support. Retrieved 10 January 2023.
- ^ "What are your supported payment methods?". MoonPay Support. Retrieved 10 January 2023.
- ^ "OpenSea to Allow NFT Purchases with Bank Cards, Apple Pay, and Google Pay". Yahoo Finance. 2 April 2022. Retrieved 10 January 2023.
- ^ "Meet the FinTech Breakthrough Award Winners". FinTech Breakthrough. Retrieved 10 January 2023.
- ^ "About MoonPay". MoonPay. Retrieved 10 January 2023.
- ^ Helen Partz (2021-11-22). "Crypto startup MoonPay raises $555M to hit $3.4B valuation". Article. Cointelegraph. Retrieved 10 January 2023.
- ^ "MoonPay, a PayPal for Crypto, on Hiring Spree With $555 Million". Bloomberg. 22 November 2021. Retrieved 10 January 2023.
- ^ "Music, sports, and entertainment VIPs invest $87 million in MoonPay". MoonPay Blog. Retrieved 10 January 2023.
- ^ "MoonPay launches world-first credit card Checkout for NFTs". FinTech Magazzine. 27 January 2022. Retrieved 10 January 2023.
- ^ "How do I buy NFTs with a credit or debit card?". OpenSea. Retrieved 10 January 2023.
- ^ CNBC.com staff (2022-05-17). "The 2022 CNBC Disruptor 50 list: Meet the next generation of Silicon Valley". Article. CNBC. Retrieved 10 January 2023.
- ^ David Spiegel (2022-05-19). "The 2022 Disruptor 50: How we chose the list of companies". Article. CNBC. Retrieved 10 January 2023.
- ^ Riley de Léon (2022-06-21). "Crypto start-up MoonPay launches NFT platform with Universal, Fox". Article. CNBC. Retrieved 10 January 2023.
- ^ MK Manoylov (2022-09-21). "MoonPay, Universal create an in-person NFT-based scavenger hunt with more than 6 million tokens". Article. The Block. Retrieved 10 January 2023.
- ^ "Alo Yoga Debuts Its First Ready-To-Wear Collection With A Limited Edition NFT At New York Fashion Week". Forbes. Retrieved 10 January 2023.
- ^ "MoonPay's Deep Objects NFT Collection rally straight to OpenSea top position". Today NFT News. 12 October 2022. Retrieved 10 January 2023.
- ^ "Flamengo teams up with MoonPay on multi-year web3 loyalty program". The Block. Retrieved 10 January 2023.
- ^ Riley de Léon (2022-11-28). "Crypto startup MoonPay hires Time president to lead its enterprise business". Article. CNBC. Retrieved 10 January 2023.
- ^ Jack Schickler (2022-12-12). "Crypto Payments App MoonPay Gains UK Regulator Registration". Article. Coindesk. Retrieved 10 January 2023.