MoonPay secures $200m credit line from Galaxy
MoonPay has secured a $200 million revolving credit line from Galaxy, a major digital asset financial services firm, as the crypto industry experiences renewed momentum.
The funding will provide MoonPay with liquidity to handle rising transaction volumes and support its global growth, according to a note shared with crypto.news.
The surge in crypto activity has heightened the need for scalable payment infrastructure, and MoonPay’s latest funding move is aimed at ensuring seamless service delivery.
CEO Ivan Soto-Wright emphasized the importance of financial flexibility in addressing increased demand.
“The recent surge in crypto demand has demonstrated the critical importance of robust and scalable infrastructure,” he said. “This revolving credit line from Galaxy allows us to meet increased demand while maintaining an exceptional user experience.”
The credit line comes at a pivotal time for MoonPay, which ended 2024 on a strong note, achieving cash-flow positivity and 112% year-over-year net revenue growth.
The company has positioned itself as a key player in the crypto payments sector, facilitating seamless transactions for users globally.
With this funding, MoonPay is well-positioned to capitalize on the growing adoption of digital assets and strengthen its role in the evolving global crypto economy.
