-30%

est. 2Y upside i

FinTech

MoonPay is a financial technology company that allows users to buy, sell, and swap cryptocurrency and non-fungible tokens (NFTs) for fiat currencies. MoonPay also offers a crypto on-ramp for businesses that can be embedded in their websites or apps.

Rank

#3658

Sector

Fintech, Blockchain

Est. Liquidity

~2Y

Data Quality

Data: High

MoonPay is a high-growth (112% YoY revenue), profitable fintech company operating in the expanding Web3 payments and NFT sectors, targeting a $5B valuation.

Last updated: March 10, 2026

Bull (25%)+100%

MoonPay leverages its strong regulatory position (NYDFS Trust Charter, ex-CFTC chair) and strategic partnerships (Mastercard, Telegram) to significantly expand its market share in Web3 payments and NFT solutions, reaching ~$485M in revenue by 2028. This growth, coupled with a favorable crypto market, justifies a $10B valuation, representing a 100% return.

Base (30%)+25%

MoonPay maintains its strong growth trajectory, expanding its user base and product offerings (e.g., MoonPay Deposits, Agents) while navigating intense competition from major exchanges. Revenue reaches ~$350M by 2028, leading to a $6.25B valuation, a modest 25% increase from the current target.

Bear (45%)-50%

A prolonged crypto winter, intensified competition from dominant players like Binance and Coinbase, or new regulatory hurdles severely impacts MoonPay's transaction volumes and growth. Revenue stagnates around ~$180M by 2028, leading to a down round or exit at $2.5B, resulting in a significant loss for common shareholders after $757M in liquidation preferences.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

13%

Investors hold $757M in liquidation preferences. In an exit at or below the current $5.0B valuation, common shareholders would receive proceeds only after the $757M in preferred capital is returned.

Dilution Risk

moderate

While a recent debt round limits immediate equity dilution, further equity funding rounds or an IPO will involve some level of dilution for existing shareholders.

Secondary Liquidity

active

MoonPay shares are available for accredited investors on secondary marketplaces like UpMarket, Notice, Hiive, and Forge, offering some liquidity for employees.

Operations — 4 roles

Technology & Security Services — 4 roles

Engineering — 3 roles

Compliance — 2 roles

Data — 2 roles

Finance — 1 role

Talent Pool — 1 role

View all 19 open roles at MoonPay →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on MoonPay's data — designed to show you've done your homework.

  • 1

    “Given the significant market share of competitors like Binance Pay (18.5%) and Coinbase Commerce (14%), how does MoonPay plan to differentiate and capture a larger portion of the Web3 payments infrastructure market over the next two years?”

  • 2

    “With the company's strong revenue growth (112% YoY) and profitability, how does MoonPay balance aggressive expansion into new product areas like stablecoin issuance and the 'agent economy' with maintaining capital efficiency and preparing for a potential liquidity event?”

  • 3

    “Considering the $757M in total funding and the current target valuation of $5B, how does the company envision the path to liquidity for common shareholders, and what measures are in place to mitigate the impact of liquidation preferences in various exit scenarios?”

Community

Valuation Sentiment

Our model estimates -30% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.