MoonPay Due Diligence

Run due diligence on MoonPay: check compliance and get alerts when suppliers change.

United States · www.moonpay.com · 29 vendors

MoonPay is a financial technology company that provides payment infrastructure for cryptocurrency and non-fungible tokens (NFTs). It enables individuals and businesses to buy, sell, and swap cryptocurrencies and digital assets using traditional payment methods such as credit cards, bank transfers, Apple Pay, and Google Pay. The company aims to simplify access to the blockchain-based financial ecosystem for its users.

Resilience scores

Technology vendors

Services catalogue

2 services in catalogue across 1 category; runs on 29 sub-vendors.

Insights

Last updated 2026-07-05 · revision 1

29 direct vendors, 234 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

15 in-scope frameworks identified; showing 3.

US State Money Transmitter Laws — Evidence found

Evidence: https://www.moonpay.com/legal/licenses, https://www.fincen.gov/msb-state-selector, https://www.moonpay.com/about-us

PCI DSS (source) — Evidence found

Evidence: https://www.moonpay.com/security, https://www.moonpay.com/about-us

CMMC — No public evidence

Evidence: https://www.moonpay.com/security

Financials

Three-year financials

Financial Resilience Score: 6/10

MoonPay demonstrates moderate financial resilience underpinned by a strong capital base (over US$620M raised across funding rounds), broad regulatory licensing across the US, UK, EU, Canada, and Australia, and a diversified partner network of approximately 500 B2B integrations. Management has publicly claimed a return to operating profitability in 2023, which sets it apart from many crypto peers that remain loss-making. However, the business is highly cyclical and closely correlated to crypto market activity. Revenue reportedly contracted in 2022 during the crypto winter, forcing layoffs of 20-25% of staff in early 2023. The company faces significant regulatory risk from evolving crypto rules (SEC, MiCA, FCA), fee compression from competitors like Stripe, Coinbase Onramp, and Robinhood, and counterparty concentration risk (historical NFT/OpenSea exposure). Disclosure opacity is a material weakness—as a private company with no audited group accounts publicly available, external stakeholders cannot fully verify profitability or solvency claims. Valuation history reflects volatility: peaked at US$3.4B in November 2021, fell to a reported US$1.5B secondary tender in 2022-2023, then recovered in 2025. Product diversification into stablecoins, institutional trading, and AI-agent infrastructure provides some resilience against on-ramp fee compression.

Key strengths: Over US$620M raised in equity from top-tier investors (Tiger Global, Coatue, Blossom, Thrive), Licensed across US, UK, EU, Canada, and Australia—significant regulatory moat, ~500 B2B partner integrations creating distribution flywheel, Reported return to profitability in 2023 per management, Product diversification into stablecoins, institutional, and AI-agent infrastructure, 180 countries supported, 170+ crypto assets

Risk factors: Revenue highly cyclical and correlated to crypto market activity, Regulatory risk from evolving US, EU (MiCA), and UK (FCA) crypto rules, Take-rate compression from competitors (Stripe, Coinbase Onramp, Robinhood, MetaMask), Historical partner concentration risk (NFT/OpenSea exposure collapsed in 2022), Opaque financial disclosure—no audited group accounts available, FX and banking-partner dependency (Visa/Mastercard, fiat settlement partners), Down-round history: valuation fell from US$3.4B (2021) to ~US$1.5B (2022-2023)

Revenue by geography

Revenue by product/service

Workforce by country

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