TSL Express Daily News
The Secured Lender
SFNet's Women in Secured Finance Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
March 24, 2025
Source: Yahoo Finance
MoonPay has secured a $200m “revolving credit facility” from Galaxy, a financial services firm specialising in cryptocurrency.
This enables the company to manage increased transaction volumes driven by current market trends and continue servicing its expanding customer base and address liquidity needs promptly.
In 2024, MoonPay reported a 112% year-over-year increase in net revenue.
With this new credit facility, the crypto payments firm aims to capitalise on the cryptocurrency market and strengthen its position in the global digital economy, the release said.
MoonPay co-founder and CEO Ivan Soto-Wright said: "The recent surge in crypto demand has demonstrated the critical importance of robust and scalable infrastructure.
"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 recognised leader in the digital asset space, to support our continued growth and expansion."
Galaxy founder and CEO Mike Novogratz stated: “Galaxy is excited to support MoonPay, reinforcing our commitment to driving growth and broadening access within the digital asset ecosystem. Initiatives like this are key to the continued expansion and maturity of the industry, and we look forward to our ongoing collaboration.”
This month, MoonPay acquired Iron, a platform focused on stablecoin infrastructure and APIs.
This acquisition is expected to enhance MoonPay’s business capabilities, including managing multi-currency treasuries, facilitating real-time cross-border payments, and exploring new revenue opportunities through yield-bearing assets.
In January this year, MoonPay also acquired Helio, a payment processor built on the Solana blockchain.
"MoonPay obtains $200m credit facility from Galaxy " was originally created and published by Electronic Payments International, a GlobalData owned brand.