Cryptocurrency fintech startup MoonPay has closed its starting time-ever venture capital circular, reaching $three.iv billion in post-coin valuation.

The business firm announced officially on Monday that it closed a $555 million Series A funding round led by prominent industry investors similar American investment firm Tiger Global and tech-focused investment manager Coatue. Other participants included Blossom Capital, Thrive Capital, Paradigm and the New Enterprise Associates venture capital house.

The raised majuscule is the kickoff funding secured by MoonPay since the company was founded in 2022 by two young entrepreneurs, Ivan Soto-Wright and Victor Faramond. The business firm says information technology has candy more $2 billion in transactions and reached a customer base of over 7 million users.

The fintech firm is focused on providing payments infrastructure for crypto and enabling crypto-to-fiat transactions for xxx fiat currencies and more than 90 cryptocurrencies like Bitcoin (BTC). According to the announcement, MoonPay's fiat-to-crypto on-ramp enables over 250 crypto applications, websites and wallets, including Bitcoin.com, covering more than 160 countries.

Apart from offering classic crypto services, MoonPay also provides a native nonfungible token (NFT) solution that allows users to purchase and sell NFTs. Last calendar week, rapper Post Malone promoted MoonPay in a music video with The Weeknd by ownership two Bored Ape Yacht Club NFTs for a combined 160 ETH via the exchange.

Related: TradingView completes new funding circular with $3B valuation

With the new funding, the firm expects to continue hiring new talent and expand its services worldwide. According to MoonPay co-founder and CEO Soto-Wright, the house is positioning itself equally the world's "largest provider of crypto payments infrastructure."

MoonPay did non immediately respond to Cointelegraph's asking for comment.