MoonPay Raised Half a Billion Dollars

MoonPay has recently announced that it has raised $555 million. The fundraiser was led by Tiger Global Management and Coatue. After the fundraiser, the company is now on a hiring spree. The CEO of MoonPay, Ivan Soto-Wright, has said that they are planning to hire 200 people. 

The company has aimed to keep on growing and be the leading company empowering the crypto economy. MoonPay has 7 million customers and has successfully processed $2 billion worth of crypto transactions. The platform allows users to convert traditional fiat currencies to crypto currencies.