Moonpay
“Can MoonPay expand from a consumer crypto on-ramp into the full-stack payments and infrastructure layer that banks, fintechs, and crypto platforms use to move money between fiat and digital assets globally?”
Founded in 2019 as a consumer crypto on-ramp, MoonPay's core business was enabling fiat-to-crypto purchases for retail users through a simple widget embedded by crypto wallets and platforms. From 2022 onward, MoonPay shifted focus toward becoming a B2B payments infrastructure provider for the crypto economy, expanding into white-label embedded balance solutions, virtual accounts, and stablecoin infrastructure via the acquisition of Iron. In 2025–2026, with the acquisition of Decent and launch of MoonPay Trade, MoonPay pivoted again from a pure on-ramp into a full institutional crypto infrastructure layer, covering DeFi, tokenized assets, and 200+ blockchains for banks, fintechs, and asset managers.