MoonPay Unveils New Venture Arm To Boost Web3 Innovation

MoonPay, a Web3 infrastructure firm, unveiled its latest venture: MoonPay Ventures. This new division allows MoonPay to collaborate with startups, aiming to add value to the industry and usher in a new era of Web3 adoption.

Bridging the Gap with MoonPay Ventures

MoonPay Ventures is not just about capital. It's about creating synergies with early-stage enterprises in both the Web3 and fintech realms. The goal? To partner with those who are fervently building Web3 solutions that can reshape and enhance current business frameworks.

Startups joining MoonPay Ventures will gain more than just financial backing. They'll have access to MoonPay's extensive network, which boasts more than 500 industry partners, including the frontrunners in Layer 1 and Layer 2 blockchains, as well as top-tier marketplaces, wallets and exchanges. This collaboration promises to give startups the tools they need to expedite their project development, pushing the envelope for Web3 tech adoption.

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A Stellar Team at the Helm

MoonPay Ventures operates under the company's corporate development umbrella, with leadership provided by Abhay Mavalankar. With a background in investment banking and venture capital and having worked with giants like Morgan Stanley and Cisco Investments, Mavalankar brings a wealth of expertise to the table.

Ivan Soto-Wright, co-founder and CEO of MoonPay told Benzinga: “MoonPay was born from an incubator — building companies is in our DNA. With the launch of our investing arm, MoonPay Ventures, we can now lean into our diverse resources and robust network to support partners who are driving new, innovative use cases for Web3. By collaborating with industry-defining partners, we’re fostering ecosystem-wide innovation and furthering our mission of accelerating Web3 adoption.”

Early Successes and a Bright Future

MoonPay Ventures has already marked its territory, investing in promising companies like BCB Group, BRUT and Mythical Games, among others. Mavalankar expressed his optimism, stating, “Given our position in the payments and Web3 stack, we are uniquely positioned to identify and invest in the most promising projects and teams. We eagerly anticipate our future collaborations, aiming to pave the way for a universally accessible financial future.”

Don't Miss Out!

For those eager to delve deeper into the digital asset realm, here's your chance. Secure your spot at Benzinga's Future of Digital Assets event, where Keith Grossman, president of enterprise at MoonPay, will be sharing insights. Grab your tickets now and stay ahead of the curve!

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Photo: Moonpay