MoonPay is a crypto payments infrastructure company founded in 2019 by Ivan Soto-Wright (CEO) and Victor Faramond (COO). Headquartered in Miami, Florida, the company built one of the most widely integrated fiat on-ramp and off-ramp networks in the industry, embedding buy-and-sell functionality across hundreds of wallets, exchanges, and NFT platforms. MoonPay raised a $555 million Series A in November 2021 at a $3.4 billion valuation, with backing from Tiger Global, Coatue, NEA, and Paradigm, among others. That round gave the company significant capital to expand beyond payments into adjacent areas of the crypto stack.
MoonPay operates primarily as an infrastructure and payments business rather than a traditional investment fund. Its portfolio activity reflects strategic acquisitions and minority stakes aimed at expanding its product surface. In 2022 the company acquired Lemon Cash, an Argentine crypto startup with a strong Latin American user base, signaling interest in emerging markets adoption. In 2023 MoonPay acquired Helio, a crypto payment processing platform focused on merchant checkout flows, to deepen its Web3 commerce offering. These moves follow a pattern of buying teams and technology that complement MoonPay's core on-ramp rails rather than purely financial investments.
Notable investments and acquisitions
- Lemon Cash – Argentine crypto fintech acquired in 2022; expanded MoonPay's reach across Latin America
- Helio – crypto merchant payments platform acquired in 2023; added Web3 checkout and subscription tooling
- Several undisclosed minority stakes in NFT infrastructure and wallet companies (public information on individual deal terms is limited)
The company also launched a concierge NFT service in 2022, helping high-net-worth buyers purchase NFTs without managing wallets directly. That product was quietly wound down as NFT volumes dropped through 2023.
Team
Ivan Soto-Wright (CEO) previously worked at McKinsey and in fintech before co-founding MoonPay. Victor Faramond (COO) brought operational and product experience from early-stage European tech companies. The founding team positioned MoonPay as a B2B infrastructure play from the start, prioritising SDK integrations over consumer branding. Public information about the broader investment team or any dedicated venture arm is limited – MoonPay has not publicly established a standalone fund structure.
Recent activity
Through 2024 and into 2025, MoonPay focused on expanding its off-ramp coverage across regulated markets, adding support for more local payment methods in Southeast Asia and Europe. The company also deepened integrations with major wallets including MetaMask and Trust Wallet. On the regulatory side, MoonPay obtained additional money transmission licences in US states and progressed compliance work ahead of MiCA implementation in the EU. The company did not announce major new acquisitions in this period, suggesting a phase of consolidation after the 2022–2023 buying spree.
MoonPay's strategic value as a portfolio backer comes from distribution more than capital. Companies that receive investment or partnership from MoonPay gain immediate access to its network of 250-plus integrated platforms. That distribution advantage makes MoonPay a meaningful partner for early-stage payment and wallet infrastructure projects, even where the dollar amounts of any investment are modest. For more background, see MoonPay on Crunchbase and the official MoonPay site.
