Company Research Report: MoonPay

Company Overview

Name:

MoonPay Inc.

Mission of the Company:

MoonPay's mission is to simplify the process of buying, selling, and swapping cryptocurrencies by providing user-friendly, secure, and seamless payment infrastructures.

When Was the Company Founded and By Whom:

MoonPay was founded in 2019. The founders are Ivan Soto-Wright and Victor Faramond.

Key People in the Company:

Ivan Soto-Wright - Co-Founder & Chief Executive Officer

Asiff Hirji - President

Keith A. Grossman - President, Enterprise

Victor Faramond - Co-Founder & Chief Engineer

Max Crown - Co-Founder

Zeeshan Feroz - Chief Product & Strategy Officer

Lindsey Haswell - Chief Legal & Administrative Officer

Thom Hook - Global Chief Compliance Officer

Bugeon Mac Lee - Managing Director (APAC)

Where is the Company Headquartered:

No specific information available regarding the headquarters' location.

Number of Employees:

MoonPay has over 400 employees across 9 key locations around the world, representing 125+ nationalities.

Revenue of the Company:

No specific information available regarding the company's revenue.

What is the Company Known For:

MoonPay is recognized for its role as a leading crypto on-ramp and off-ramp solution. It facilitates seamless transitions between fiat currencies and cryptocurrencies using major payment methods. The company is also known for its non-custodial nature and its focus on security, having achieved ISO 27001 and PCI-DSS certifications.

Products

What Products Do They Offer:

MoonPay offers a range of financial technology products aimed at simplifying cryptocurrency transactions.

1. Crypto On-Ramp and Off-Ramp:

Enables users to convert fiat currencies to cryptocurrencies (and vice versa) using various payment methods like credit cards, Apple Pay, and Google Pay. It is available in over 180 countries and supports more than 50 crypto assets.

2. NFT Checkout:

Offers payment solutions for purchasing NFTs, integrating with major wallets and NFT marketplaces.

3. MoonPay Balance:

A feature allowing users to manage funds in Euros or British Pounds to facilitate quick crypto purchases without bank transfers.

4. Crypto Swap:

Provides cross-chain swaps between over 700 tokens, making the transition between different blockchain protocols seamless.

5. MoonPay SDKs:

Software development kits for businesses to integrate MoonPay services into their platforms.

High-Level Description of the Product:

MoonPay provides a robust platform for users and businesses to engage with the crypto economy through easy-to-use on-ramp and off-ramp solutions, APIs, and SDK tools.

Key Features of Each Product:

1. Crypto On-Ramp and Off-Ramp:

Supports over 300 partners globally.

Offers easy integration through a small code snippet.

Focuses on security with AES-256 encryption and compliance with international security standards.

2. NFT Checkout:

Seamless integration with NFT platforms.

Easy payment methods for users purchasing NFTs.

3. MoonPay Balance:

Zero fees for top-ups and withdrawals.

Immediate crypto purchases with high acceptance rates.

4. Crypto Swap:

Supports swapping across different blockchain networks.

Enables seamless token conversions without complex bridging.

5. MoonPay SDKs:

Flexible integration options for businesses.

Detailed product documentation for setup and configuration.

Recent Developments

What are the Recent Developments in the Company:

Introduction of MoonPay Balance for quick and fee-free cryptocurrency purchases in select regions.

Enhancement of the "Pay to Card" feature, enabling instant cashouts to Visa and MasterCard in multiple regions.

Integration of cryptocurrency purchases through Venmo in addition to existing PayPal options.

Expansion of on-ramp and off-ramp support to new assets and networks, including flows on EVM, Ton, and Solana.

What are the New Products Launched:

MoonPay Balance: A new feature allowing users to top up their account with Euros or British Pounds and use these funds to buy crypto effortlessly and instantly.