MoonPay secures $200M credit line from Galaxy
This is one of the largest revolving credit lines of its kind in the crypto industry.
By Geoffrey Lyons
MoonPay has secured a $200M revolving credit line from Galaxy, a leading crypto-focused financial services firm.
Access to this strategic capital allows us to:
- handle increased volume driven by the current surge in market activity
- ensure uninterrupted service delivery to our growing user base
- meet liquidity demands without delay
This credit line with Galaxy comes at a time of unprecedented momentum for MoonPay and the crypto industry. We ended 2024 cash-flow positive and profitable, achieving 112% YoY net revenue growth.
"The recent surge in crypto demand has demonstrated the critical importance of robust and scalable infrastructure," MoonPay’s Co-Founder and CEO, Ivan Soto-Wright. "This revolving credit line from Galaxy provides us with the financial flexibility to meet the increased demand and continue delivering an exceptional user experience. We are thrilled to partner with Galaxy, a recognized leader in the digital asset space, to support our continued growth and expansion."
“Galaxy is excited to support MoonPay, reinforcing our commitment to driving growth and broadening access within the digital asset ecosystem,” said Mike Novogratz, Galaxy’s founder and CEO. “Initiatives like this are key to the continued expansion and maturity of the industry, and we look forward to our ongoing collaboration.”
With this new line of credit, we’re in a position to capitalize on the rapidly expanding crypto market and solidify our role as the leading crypto payments company for the global digital economy.
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