MoonPay Rolls Out a Web3-centered Investment Division
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MoonPay has recently announced the launch of their venture division, MoonPay Ventures, which will invest in early-stage financial and Web3 startups.
Abhay Mavalankar, formerly with Morgan Stanley, Centerview, and Cisco Investments, will be leading the venture arm.
MoonPay Ventures will provide startups with professional advice and business model development, as well as access to their extensive network of over 500 partners.
In January 2022, MoonPay created a service for purchasing NFTs using payment cards, as well as a concierge service for purchasing non-fungible tokens and cryptocurrencies.
They have already invested in companies such as BCB Group, Brut, BeatClub, Absolute Labs, Create/OS, BridgeTower Capital, and Mythical Games.
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