MoonPay launches investment arm MoonPay Ventures

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Payment and cryptocurrency solutions provider MoonPay has launched an investment arm called MoonPay Ventures.

MoonPay Ventures will focus on early-stage startups specializing in web3 and financial technology. Startups will also receive mentorship and support from MoonPay and hundreds of crypto industry partners.

MoonPay Ventures has invested in companies like BCB Group, Brut, BeatClub, Absolute Labs, Create/OS, BridgeTower Capital, Mythical Games…

Ivan Soto-Wright, CEO of MoonPay said:

MoonPay head of growth Abhay Malavankar will lead MoonPay Ventures. Malavankar joined MoonPay in July 2022 after serving as head of venture capital and M&A at Cisco Investments.

Source: The Block

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