Spotlight

Cryptocurrency Firm MoonPay Valued At Over $3 Billion After Latest Fund Raising Round

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Spotlight

The crypto mania shows no sign of slowing down. Tapping in on the cryptocurrency craze is fintech firm MoonPay that recently concluded it’s first-ever fund raising round led by Tiger Global and Coatue.

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The firm raised $555 million at a valuation of $3.4 billion. What a deal!

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2021 has seen the highest fund raising done by crypto start-ups in any given year.

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MoonPay co-founder Soto-Wright expressed gratitude and excitement over his company’s latest valuation and successful fund raising round.

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“With the blockchain and cryptocurrencies, I think right now we are still in the dial-up days,” he told CNBC in an interview.

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“Eventually we will get to this place where it’s frictionless to move any amount of value around anywhere in the world, and costs move as close as possible to zero.”

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Cryptocurrency Firm MoonPay Valued Over $3 Billion After Latest Fund Raising Round