MoonPay closes on $555M round of financing to expand B2B2C crypto model

MoonPay, a company that provides tools to help businesses and their customers to access the cryptocurrency economy, closes on a $555M series A financing round, giving it a $3.4B valuation, the company said in a statement. The financing, led by Tiger Global Management and Coatue, is "the largest and highest valued Series A for any bootstrapped crypto company globally," Other participating investors include Blossom Capital, Thrive Capital, Paradigm, and NEA. The capital will be used to continue its growth, accelerate its international expansion and add to its staff. "Most importantly, it will bring us significantly closer to achieving our mission of giving the next billion people access to cryptocurrency by 2030," the company said in the press release. MoonPay's payment infrastructure provides an entry point into the cryptocurrency market by allowing people to convert traditional fiat currencies to cryptocurrencies using all major payment methods. Its NFT solution has been gaining traction as companies