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← Embedded Finance Index 2026/Vendor

MoonPay

Provider
PSPCrypto / Stablecoin

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 9 companies across 2 categories.

moonpay.com ↗Also analysed as a company — its own stack →
CategoriesPSP, Crypto / Stablecoin
Rank#8 of 57 in Crypto / Stablecoin
Buyers9 companies
HeadquartersDover, Delaware, United States
Founded2019
Raised$1.3B

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Founders & story · from MoonPay’s own dossier

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.

Latest round: Debt Financing, 2025
Recent developments
  • 2025-03MoonPay secured a $200M revolving credit line from Galaxy to fund digital asset growth and liquidity. source ↗
  • 2026-04MoonPay launched Virtual Accounts in New York State, powered by Iron (acquired 2025), expanding enterprise stablecoin infrastructure. source ↗
  • 2026-05MoonPay won the 2026 Chainalysis Innovation Award for Compliance. source ↗
  • 2026-05MoonPay launched MoonPay Trade after acquiring Decent, giving institutions access to DeFi protocols, tokenized assets, and 200+ blockchains. source ↗
Full dossier: MoonPay’s own stack, layer by layer →
Who uses MoonPay
9 companies disclose MoonPay in their stack
ZenGoGameStopBloctoTelosPaysafeChangellyAltitudeVALRBitmart
Buyer mix · 9 of 9 classified
Fintech / Crypto · 6E-commerce / Retail · 1Fintech / Cross-border payments · 1Fintech / SMB banking · 1
MENA · 1US · 1APAC · 1UK · 1Africa · 1EU · 1
What the disclosures say
ZenGo
“zengo.com/buy names Banxa, MoonPay, Transak, Google Pay and Apple Pay support; Onramper partnership press release Nov 2025”
GameStop
“GameStop's NFT marketplace privacy policy (nft.gamestop.com, operated by GME Entertainment LLC) explicitly names Ramp and MoonPay as third-party services for purchasing Ethereum with fiat currencies.”
Blocto
“ibsintelligence.com publicly lists Blocto as a customer in the context of a MoonPay partnership for an 'industry-first crypto wallet with Flow', confirming MoonPay as the fiat on-ramp provider.”
Telos
“IBS Intelligence publicly lists Telos as integrating MoonPay to enable TLOS token purchase with fiat currency in 162 countries (https://ibsintelligence.com/ibsi-news/telos-integrates-moonpay-to-enable-tlos-token-purchase-with-fiat-in-162-countries/). This is TIER 1 evidence — a vendor customer listing that explicitly n…”
View source · ibsintelligence.com ↗
Paysafe
“Paysafe IR press release, 7 Apr 2026: 'Pay with Crypto', powered by MoonPay — MoonPay Commerce Checkouts handle the wallet/QR deposit and instant conversion to USD; operators settle in stablecoins or in fiat via MoonPay's Virtual Accounts powered by Iron.”
Changelly
“changelly.com/business/fiat-api: 'Let Your Users Sell Crypto — Offer your customers easy withdrawals directly from your platform with our fiat off-ramp API. 200+ Crypto & 100+ Fiat Currencies.' The on/off-ramp is operated by Changelly and aggregates MoonPay, Banxa, Transak, Wert, Kado as upstream providers.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent MoonPay? Claim this profile above to unlock your own full list.
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What MoonPay runs on · from its own dossier
The third-party providers MoonPay itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose MoonPay.
PSP
Checkout.com
Full dossier with evidence for each layer →
Alternatives to MoonPay

Other Crypto / Stablecoin providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Zero Hash25 buyers →Circle22 buyers →Bridge17 buyers →BVNK13 buyers →Fireblocks12 buyers →Tempo12 buyers →Lightspark9 buyers →Paxos9 buyers →
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Ranked #8 of 57 in Crypto / Stablecoin — Embedded Finance Index 2026
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MoonPay — frequently asked

Which companies use MoonPay?

9 companies disclose MoonPay in their stack in the Embedded Finance Index 2026, including ZenGo, GameStop, Blocto, Telos, Paysafe, Changelly, Altitude, VALR and Bitmart.

What does MoonPay do?

MoonPay is an embedded-finance provider in PSP and Crypto / Stablecoin. It ranks #8 of 57 Crypto / Stablecoin providers by disclosed buyers.

What are the alternatives to MoonPay?

The most-disclosed Crypto / Stablecoin alternatives to MoonPay are Zero Hash (25 buyers), Circle (22 buyers), Bridge (17 buyers), BVNK (13 buyers), Fireblocks (12 buyers) and Tempo (12 buyers).

Where is MoonPay headquartered?

MoonPay is founded in 2019 and headquartered in Dover, Delaware, United States.

How much funding has MoonPay raised?

MoonPay has raised $1.3B in total.

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