As a leading cryptocurrency payment infrastructure, Moonpay has attracted much attention from investors recently. With over $200 million in transactions processed and partnerships with major platforms like Opensea and Dapper Labs, Moonpay shows strong growth potential. This article analyzes Moonpay’s business model, current status, future plans, and investment value to help investors better understand this emerging crypto payment startup.
Moonpay simplifies crypto payments with fiat on-ramps
Moonpay allows users to easily purchase cryptocurrencies using credit/debit cards, Apple Pay, bank transfers etc. It has built fiat-to-crypto gateways with over 300 payment methods across 160 countries. By aggregating liquidity and providing smooth onboarding, Moonpay serves as an easy ramp for users to enter the crypto world.
Strong traction with $200M+ transactions processed
Although founded only in 2019, Moonpay now processes over $200 million in crypto transactions per month. It has partnerships with major NFT marketplaces like OpenSea and supports 80+ crypto assets. Moonpay is also testing integrations with Dapper Labs, showing its intention to capture the play-to-earn gaming sector.
Recent funding with high-profile investors
Moonpay just closed a $87 million Series B round in April 2022 with participation from Tiger Global, Coatue, and celebrities like Gwyneth Paltrow and Ashton Kutcher. This brings its total funding to over $200 million. The star-studded cap table signals strong confidence in Moonpay’s growth.
Future aspirations in NFT and cross-chain payments
According to Moonpay’s roadmap, it will double down on NFT payments by improving checkout flows for OpenSea users. It also plans to enable smoother cross-chain transactions. As the NFT and multi-chain ecosystems expand, Moonpay is well-positioned to capitalize on new opportunities.
With strong backers, robust growth, and an ambitious vision in evolving crypto payments, Moonpay checks many right boxes for investors. It’s still early days, but Moonpay shows promise to become a leading crypto infrastructure play.