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Crypto start-up MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights
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cnbc.comIn this article
Cryptocurrency start-ups have raised record funding this year.
It's no surprise, then, that some major players in the space — from the Winklevoss twins' virtual currency exchange Gemini to Ethereum co-founder Joseph Lubin's blockchain start-up ConsenSys — announced massive new funding deals in the last week.
MoonPay, a relative newcomer, is taking the crypto mania in venture capital to new heights. The three-year-old fintech firm said Monday it has raised $555 million in its first-ever financing round. The investment, led by Tiger Global and Coatue, values the company at $3.4 billion.
Founded in 2018, Miami-based MoonPay's software lets users buy and sell cryptocurrencies using conventional payment methods like credit cards,
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