MoonPay received about 16 percent of its funding from celebrities.
Launched in 2019, MoonPay has more than five million users and supports more than 80 digital assets.
MoonPay, a company that allows its clients to purchase digital assets with fiat money, has received about $87 million in investments from celebrities. The list of celebrity investors includes Steve Aoki, Justin Bieber, Post Malone, Drake, Snoop Dogg, Maria Sharapova, Bruce Willis, and many others. The new round of investment was aimed at making MoonPay PayPal for crypto-investments.
PayPal became a leading fintech without big help from Superstars, but PayPal wasn`t built during the period of NFT-BOOM. NFTs appeal to creators and artists because they allow them to generate revenue streams from digital assets. So it seemed natural for Evan Soto-Wright, CEO of MoonPay, to target venture capital firms specializing in the creative economy when it came time to raise money.
“I realized that the creator economy was really g
