MoonPay is an application where you can purchase cryptocurrencies and NFTs.
They serves various payment method; a credit or debit card, bank transfers or mobile wallets on Apple Pay and Google Pay.
The investments allowed the fintech startup to develop new products like NFT Checkout and MoonPay Concierge
It is a referral-based service for high-net-worth individuals that purchases crypto and NFTs on their behalf for a fee.
As when Gwyneth Paltrow wants a Bored Ape Yacht Club (BAYC) NFT she go to MoonPay.
Paltrow, who is also the co-founder of Kinship Ventures, said in a statement that;
“Web3 is inspiring the entertainment industry, and commerce in general, to reimagine the way we create community, connect with fans, build value and manage intellectual property.”
Then, she thanked to MoonPay.
There are a lot of actress in MoonPay as the investor, such as;
- Ashton Kutcher
- Gwyneth Paltrow
- Justin Bieber
- Snoop Dogg
- More to read: Ariana Grande Open Cryptocurrency Donation
They are among MoonPay’s strategic investors who have brought the company’s valuation to $3.4 billion.
In November 2021, MoonPay announced a $555 million Series A financing round that brought the crypto payment platform’s valuation to $3.4 billion.
Then a few times ago, the fintech company revealed that $87 million of the total $555 million came collectively
It is from more than 60 public figures and celebrities in the music, sports, media and entertainment industries.
While the Series A round was led by firms like Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm and NEA
The following household names are also considered strategic investors: Gwyneth Paltrow, Maria Sharapova, Eva Longoria, Gal Gadot, Matthew McConaughey and Bruce Willis.
Other “industry VIPs” like Ashton Kutcher, Justin Bieber, Snoop Dogg, Paris Hilton and Steve Aoki are all already deeply involved within the crypto and nonfungible token (NFT) space.