Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted November 29, 2021

 

MoonPay, a payment infrastructure provider for crypto companies, has raised $555 million in an all-equity Series A round led by Coatue and Tiger Global that values the firm at $3.4 billion. The funds will be used to hire people, expand geographic coverage and add more payment methods.

Ivan Soto-Wright, MoonPay’s co-founder and CEO, told CoinDesk in an interview that the firm will also be looking at mergers and acquisitions.

“There are companies that can help us move faster in certain geographies or help improve certain components of the infrastructure stack,” Soto-Wright said. “We want to bring a billion people into the crypto economy by 2030. We can do that faster by partnering with other companies.”

 

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