MoonPay was founded in 2019 by Ivan Soto-Wright and Victor Faramond. In 2021, Soto-Wright told reporters that "we have aspirations eventually to be a public company."
MoonPay is a platform where users can purchase cryptocurrencies using traditional payment methods, such as credit cards, bank transfers, and digital wallets. The company also sells its technology to other businesses in the sector. MoonPay has raised more than $600 million in venture capital funding from investors including Tiger Global, Coatue, Blossom Capital, Thrive Capital, Paradigm, and NEA. The company achieved a valuation of $3.4 billion after its first-ever funding round raised $555 million in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.