MoonPay Inc reported selling $385,100,000 of securities in the Form D offering it filed with the SEC in December 2021. The next-largest filing, $17,237,339, is $367,862,661 smaller. On that filing and the six that followed it, MoonPay Inc answered the regulator’s revenue-range question by selecting “Decline to Disclose.” The MoonPay statistics below start from that gap.
That gap defines what can be counted about MoonPay. The crypto on-ramp is privately held, declines to disclose its revenue range on every SEC Form D, files no audited group accounts in any register reviewed here, and publishes no gross-merchandise-value or transaction-volume figure on its own pages. What the public record does hold is a license trail across four regulators, one small set of UK statutory accounts, and a set of scale numbers the company states about itself.
Key Takeaways
- MoonPay Inc has filed 7 Form D notices with the SEC since December 2021 and selected “Decline to Disclose” in the revenue-range box on every one of them.
- The $385,100,000 MoonPay Inc reported selling in December 2021 accounts for 91% of everything it has reported selling across all seven filings.
- 4 of the 7 MoonPay Inc filings were reported as made in connection with a business combination transaction, a category that covers mergers, acquisitions and exchange offers.
- MoonPay (UK) Limited reported net assets rising from £44,864 to £275,032 between 2021 and 2022, in the only line-item MoonPay balance sheet among the public registers reviewed here.
- MoonPay (UK) Limited reported average monthly headcount rising from 24 to 76 in a single year, after which it stopped filing small-company accounts.
- MoonPay’s EU authorization covers 3 named crypto-asset services, and custody of client assets is not among them.
- MoonPay’s own About page carries 35 million accounts created and nearly 30 million customers side by side, with no measurement date on either.
Editor’s Choice
- MoonPay Inc reported $385,100,000 sold in its December 2021 Form D offering, against a total offering amount of $405,100,000.
- MoonPay Inc has reported $423,031,550 in securities sold across its seven Form D filings combined.
- MoonPay states 35 million accounts created on its own About page.
- MoonPay states $8 billion in crypto delivered and 170 crypto assets supported.
- MoonPay Inc has reported 94 investors in total across its seven Form D filings.
- MoonPay held money transmission licenses in 46 other U.S. jurisdictions when New York granted the BitLicense on June 4, 2025.
- MoonPay states 180 countries and serves nearly 500 companies.
MoonPay’s SEC Form D Filings Hold Its Only Filed Dollar Figures
Every figure below comes from 27 primary sources captured on September 8 and 9, 2026. They are SEC EDGAR filings, the NYDFS Regulated Entities register, Companies House filings for 12055543, the AMF white list, and MoonPay’s own pages.
Company-stated figures are labeled as such. No aggregator, market-research, or press estimate is used. Figures update when the registers publish new entries.
- MoonPay Inc, registered with the SEC under CIK 0001894469 and based in Miami, Florida, has filed seven Form D notices of exempt offering between 2 December 2021 and 1 July 2025.
- MoonPay Inc’s December 2021 filing reported a total offering amount of $405,100,000, of which $385,100,000 was sold and $20,000,000 remained to be sold.
- MoonPay Inc added a clarification to that filing stating that a portion of the proceeds were satisfied through conversion of SAFEs to equity.
- Across all seven filings, MoonPay Inc has reported selling $423,031,550 of securities.
- MoonPay Inc’s December 2021 offering alone accounts for 91.0% of that total.
- Four of the seven filings, made in January 2023, January 2025, April 2025, and July 2025, were reported as offerings made in connection with a business combination transaction.
- The most recent notice, filed on July 1, 2025, reported $17,237,339 offered and the same amount sold, with a first sale date of June 13, 2025.
- Every MoonPay Inc filing claims the Rule 506(b) exemption, and every one selects “Decline to Disclose” in the issuer revenue-range box.
- A separate registrant, MoonPay SPV LLC, filed one Form D in February 2022 reporting $9,349,955 sold against an indefinite offering amount.
| Filing date | Total offering amount | Total amount sold | Business combination |
|---|---|---|---|
| December 2, 2021 | $405,100,000 | $385,100,000 | No |
| January 23, 2023 | $5,678,231 | $5,678,231 | Yes |
| September 26, 2023 | $1,499,932 | $1,499,932 | No |
| September 26, 2023 | $1,499,437 | $1,499,437 | No |
| January 22, 2025 | $2,283,280 | $2,283,280 | Yes |
| April 18, 2025 | $9,733,331 | $9,733,331 | Yes |
| July 1, 2025 | $17,237,339 | $17,237,339 | Yes |
Source: SEC EDGAR, MoonPay Inc Form D filings 2021 to 2025
The revenue-range box is the detail worth pausing on. Form D asks the issuer to pick one of six revenue bands; the widest is simply “over $100,000,000.” MoonPay Inc declined seven times running. Nothing about that is improper, and thousands of private issuers answer the same way. It does mean the most-searched question about this company has an official non-answer sitting in a federal database.
Worth noting: Form D reports securities sold, not company revenue or valuation. The $423,031,550 MoonPay Inc has reported across seven notices measures capital raised under a Regulation D exemption. It says nothing about what the platform processes, earns or is worth, and it should not be read as a proxy for any of those.
What MoonPay Reports About Its Own Scale
- MoonPay’s About page states 35 million accounts created, a figure the company publishes about itself.
- The same page states nearly 30 million customers, a smaller number sitting beside the accounts figure without either being dated.
- MoonPay states that it powers the infrastructure for nearly 500 companies across the decentralized economy.
- The company reports 170 crypto assets and 180 countries supported.
- MoonPay Trade, launched in May 2026, is described as reaching more than 200 blockchains and protocols through a single API, with payments in over 120 fiat currencies.
- MoonPay states that its platform is SOC 2, PCI DSS, and ISO 27001 certified.
Two numbers describe the same user base on that page, and they do not agree. An account created is not a customer, and MoonPay publishes no definition separating the two, no measurement date for either, and no methodology.
| Company-stated metric | Figure |
|---|---|
| Customers | Nearly 30 million |
| Companies powered | Nearly 500 |
| Crypto assets supported | 170 |
| Countries supported | 180 |
| Crypto delivered | $8 billion |
Source: MoonPay About Us page, September 2026
Across our coverage of company scale disclosures, the pattern is consistent: a marketed number carries no measurement date, while a filed number carries one by law. Both figures above may be accurate. Neither can be checked or reconciled with the other.
Recent Developments
- August 2026: MoonPay added Cash App Pay as a payment method for digital asset purchases on August 18, 2026, and said it was the first and only platform to offer it.
- August 2026: MoonPay launched MoonPay Enterprise on August 6, 2026, a stablecoin infrastructure suite built on Iron, the platform it acquired in March 2025.
- July 2026: MoonPay acquired Glide on July 16, 2026, a deposit and payments company founded in 2023 that processes more than $100 million in annual volume across more than 100 tokens and more than 30 blockchain networks.
- June 2026: MoonPay acquired Entendre on June 22, 2026, an AI-enabled finance operations platform whose customers automate 93% of journal entries.
- June 2026: MoonPay (UK) Limited appointed Richard Harrison as a director on June 12, 2026, and filed a confirmation statement made up to June 16, 2026, with no updates.
- May 2026: MoonPay launched MoonPay Trade on May 21, 2026, powered by the technology and team from Decent.xyz, and positioned it as the execution layer for MoonPay Institutional.
- December 2025: MoonPay (UK) Limited filed full accounts made up to December 31, 2024 on December 27, 2025, running to 28 pages.
How Many Investors Each MoonPay Offering Drew
- The two September 2023 filings differ sharply on participation: one reported 58 investors and raised $1,499,437.
- The other, filed the same day, reported 2 investors and raised $1,499,932.
- MoonPay Inc reported a single investor on its July 2025 filing, which recorded $17,237,339 offered and the same amount sold.
- MoonPay Inc reported 15 investors in the December 2021 offering that raised $385,100,000, with a first sale date of 2021-11-18.
- Across all seven MoonPay Inc filings, 94 investors are reported in total.
- MoonPay SPV LLC, a separately registered entity, reported 36 investors against $9,349,955 sold.
Investor counts move independently of the amounts raised, and the two September 2023 notices show why the pairing matters: near-identical sums, 29 times the participation on one of them. A single-investor filing reads very differently from a 58-investor round, and the distinction is invisible in any headline funding total. We track the same asymmetry across our crypto payments sector data, where private processors report the raise and not the round shape.
MoonPay Licenses and Registrations by Jurisdiction
- The New York State Department of Financial Services granted MoonPay USA LLC its BitLicense and Money Transmitter Licenses on June 4, 2025.
- MoonPay stated that those New York licenses were complemented by money transmission licenses in 46 other U.S. jurisdictions, plus registrations in the UK, Australia, Canada, Italy, Ireland, and Jersey.
- MoonPay USA LLC is a registered money service business under NMLS ID 2071245.
- MoonPay announced MiCA approval on December 20, 2024, describing work with the Dutch AFM ahead of the framework taking full effect on December 30, 2024.
- MoonPay (UK) Limited is registered with the Financial Conduct Authority as a cryptoasset service provider under firm reference number 944716.
- By August 2026, MoonPay described its footprint as money transmitter licenses in all 50 U.S. states plus a New York BitLicense, MiCA approval in the EU, and registrations across the UK, Canada and Australia.
The two US license statements are worth reading side by side. In June 2025, MoonPay described money transmission licenses in 46 other U.S. jurisdictions. By August 2026, it described money transmitter licenses in all 50 U.S. states. Neither statement is a count the company breaks down by jurisdiction anywhere it publishes.
MoonPay’s EU Authorization Covers Three Named Services
- The AMF white list records Moonpay Europe B.V. as licensed under MiCA with a licensing country of the Netherlands and a licensing date of 15/01/2025 for France.
- The register names exactly three authorized services: exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, and providing transfer services for crypto-assets on behalf of clients.
- The entry carries the legal entity identifier 254900KXWAZ3B1340G26 and shows no licensing number, marking the entry as a passport rather than a separate French authorization.
- The AMF states that Moonpay Europe B.V. was granted its MiCA license by the Dutch competent authority and provides services in France under the free provision of services.
- MoonPay’s own announcement of the approval predates the register entry by nearly a month, published on December 20, 2024.
Key finding: Per the AMF white list, MoonPay’s EU authorization names three crypto-asset services. Custody and administration of crypto-assets on behalf of clients, the service that governs who holds customer coins, is not among the three. “MiCA approved” is accurate for MoonPay and narrower than it sounds.
Custody sits outside the authorized list, which changes what the EU authorization actually says about the business. Exchange and transfer are covered; safekeeping client assets under MiCA is a separate permission the register does not show for this entity.
MoonPay in the New York Register
- The NYDFS Regulated Entities table lists MoonPay USA LLC under Virtual Currency and Money Transmitter Licenses with a date granted of 2025-06.
- A second entry, MoonPay Trust Company, LLC, appears under a Limited Purpose Trust Charter granted 2025-11, five months later.
- MoonPay is the only name in the register excerpt with two entries, held through two distinct entities under different licensure categories.
- Coinbase, Inc. has held Virtual Currency and Money Transmitter Licenses since 2017-01, and Circle Internet Financial, LLC since 2015-09.
- Gemini Trust Company, LLC has held a Limited Purpose Trust Charter since 2015-10, a decade before MoonPay’s trust entry.
- MoonPay describes the BitLicense and the New York Limited Purpose Trust Company Charter together as the basis of its regulatory depth.
| Entity | Licensure | Date granted |
|---|---|---|
| Circle Internet Financial, LLC | Virtual Currency and Money Transmitter Licenses | 2015-09 |
| Gemini Trust Company, LLC | Limited Purpose Trust Charter | 2015-10 |
| Coinbase, Inc. | Virtual Currency and Money Transmitter Licenses | 2017-01 |
| Block, Inc., f/k/a Square, Inc. | Virtual Currency and Money Transmitter Licenses | 2018-06 |
| Robinhood Crypto, LLC | Virtual Currency and Money Transmitter Licenses | 2019-01 |
| Bakkt Financial Solutions I, LLC | Virtual Currency and Money Transmitter Licenses | 2021-03 |
| MoonPay USA LLC | Virtual Currency and Money Transmitter Licenses | 2025-06 |
| MoonPay Trust Company, LLC | Limited Purpose Trust Charter | 2025-11 |
Source: NYDFS Regulated Entities register, September 2026
The same register carries Mastercard Transaction Services (US) LLC under Virtual Currency and Money Transmitter Licenses granted 2026-05. Card networks and on-ramps now sit on one list, a decade after the earliest entries. That convergence is the story the register tells better than any company blog does, and it lines up with what our Mastercard coverage and our crypto exchanges data have both been tracking: the licensing perimeter widened faster than the product categories did.
What MoonPay’s UK Accounts Show
- MoonPay (UK) Limited reported net assets of £275,032 at December 31, 2022, against £44,864 a year earlier.
- Cash at bank and in hand fell to £162,783 from £400,045.
- Debtors falling due within one year dropped to £800,412 from £2,882,599.
- The average monthly number of employees, including directors, was 76 during 2022, against 24 in 2021.
- The company opted not to file the profit and loss account, using the provision available to companies subject to the small companies’ regime.
- The auditors’ report on the financial statements for the year ended December 31, 2022 was unqualified.
- MoonPay (UK) Limited filed small-company accounts for 2022, then full accounts for 2023 and 2024, with the next set made up to December 31, 2025 due by September 30, 2026.
Net assets grew 513% over the year while cash fell. Debtors dropped 72.2% across the same period. The balance sheet is small enough that the whole UK entity would be immaterial to a group of the size MoonPay describes, which is the point worth holding onto: this is a subsidiary’s file, not the group’s.
Worth noting: These are the accounts of MOONPAY (UK) LIMITED, company number 12055543, and not of the MoonPay group. Companies House holds no consolidated MoonPay financial statements. The FY2023 and FY2024 filings exist and run to 28 pages each.
Payment Methods, Settlement Times and Limits
- MoonPay documents a $20 minimum transaction amount for buying crypto, or the equivalent in another fiat currency.
- Card, Apple Pay, PayPal, Revolut and Google Pay purchases are documented as instant.
- SEPA and SEPA Instant purchases settle in 1 to 3 business days, the slowest buy-side rail MoonPay documents.
- On the sell side, ACH payouts take 3 to 5 business days, compared with 1 to 2 business days for Visa direct cards.
- MoonPay uses 3D Secure to verify card payments.
| Payment method | Availability | Buy-side settlement |
|---|---|---|
| Credit or debit card, including Mastercard, Visa and Maestro | Broad | Instant |
| Apple Pay | Broad | Instant |
| PayPal | Broad | Instant |
| Venmo | US only | Instant |
| Google Pay | Android devices only | Instant |
| Interac e-Transfer | Canada | Up to 30 minutes |
| UK Faster Payments | GBP transactions in the UK only | 1 business day |
| PIX | BRL transactions in Brazil only | 1 business day |
| SEPA and SEPA Instant | EUR transactions in SEPA countries only | 1 to 3 business days |
Source: MoonPay Help Center, payment methods article dated 28 July 2026
| Payout method | Sell-side settlement |
|---|---|
| Visa to direct cards | 1 to 2 business days |
| UK Faster Payments | 1 to 2 business days |
| SEPA and SEPA Instant | 2 to 4 business days |
| ACH Payment | 3 to 5 business days |
Source: MoonPay Help Center, payment methods article dated 28 July 2026
Instant rails dominate the documented buy side, and the exceptions are all bank transfers rather than card or wallet rails. The card-adjacent methods here overlap heavily with the consumer wallets we cover elsewhere, Venmo among them.
MoonPay Enterprise Virtual Account Processing Times
- GBP Faster Payments deposits into a MoonPay Enterprise Virtual Account clear within minutes and up to 1 business day.
- EUR SEPA Instant deposits take up to 1 business day for amounts up to €100,000, while larger amounts move to SEPA Credit Transfer at up to 3 business days.
- USD deposits are typically held for around 3 business days after arrival to confirm the funds have cleared, before conversion completes.
- MoonPay Enterprise applies a conversion fee deducted from the deposit before fiat is converted to stablecoin, and states that the exact fee depends on the partner.
- MoonPay places the Virtual Account product inside MoonPay Enterprise, launched in August 2026 and built on the Iron platform.
| Rail | Currency | Processing time |
|---|---|---|
| GBP CHAPS | GBP | Same business day, before bank cut-off |
| GBP Faster Payments | GBP | Within minutes, up to 1 business day |
| USD Wire | USD | Next business day |
| EUR SEPA Instant | EUR | Up to 1 business day, up to €100,000 |
| USD ACH | USD | About 3 business days |
| EUR SEPA Credit Transfer | EUR | Up to 3 business days |
Source: MoonPay Help Center, Virtual Accounts article captured September 2026
The conversion fee is the number that never appears. MoonPay documents where the fee is deducted and when the partner sees it, and publishes no rate, no range, and no schedule.
MoonPay’s Acquisition and Product Record
- MoonPay announced its acquisition of Iron, an API-first stablecoin infrastructure platform, on March 13, 2025.
- That announcement described the deal as building on the earlier acquisition of Helio, which MoonPay called Solana’s premier payment processor.
- MoonPay acquired Decent.xyz, a Y Combinator-backed cross-chain routing company, whose technology and team now power MoonPay Trade.
- Entendre customers on average manage more than 30 financial accounts, process 25,000 transactions per month, and operate across three or more legal entities.
- Glide was backed by Y Combinator and Titan Fund and was founded by two people who previously led the team behind Robinhood’s crypto wallet.
- MoonPay disclosed no consideration for any of these acquisitions.
Four of the seven Form D notices report offerings made in connection with a business combination transaction, and the acquisitions above are undated as to consideration. The two records sit in the same period without the company connecting them, and nothing in either filing or announcement identifies which deal any given offering funded.
MoonPay Statistics the Company Does Not Disclose
- No revenue figure exists in any MoonPay filing, because the issuer selected “Decline to Disclose” in the Form D revenue-range box every time it was asked.
- MoonPay (UK) Limited did not file a profit and loss account, using the small-companies exemption available to it.
- No measurement date accompanies any of the company-stated scale figures on MoonPay’s About page.
- MoonPay publishes no conversion-fee rate for MoonPay Enterprise Virtual Account deposits, only the statement that the exact fee depends on the partner.
- The strongest financial statement the company has made publicly is qualitative: MoonPay said it finished 2024 cash-flow positive and profitable, without attaching a figure.
- No consideration was disclosed for the Iron, Entendre, or Glide acquisitions.
By the numbers: MoonPay’s public record holds seven SEC Form D notices, two NYDFS licensure entries, one AMF white-list record, one FCA firm reference number and one small-company UK balance sheet. It holds zero revenue figures, zero gross merchandise value figures and zero transaction-volume figures across the SEC, NYDFS, Companies House, AMF and FCA records reviewed here.
Private status explains most of this and not all of it. Selecting a revenue band on a Form D is optional, and a company confident enough to describe 2024 as its strongest year could have selected “over $100,000,000” seven times without disclosing anything more precise. We see the same reticence across our crypto payments sector tracking: the closer a private processor sits to consumer money, the less it files.
Who owns MoonPay?
The Companies House persons-with-significant-control register for MoonPay (UK) Limited lists one active person with significant control. Ivan Soto-Wright, notified on January 1, 2022, holds more than 25% but not more than 50% of the shares in that entity. Moon Pay Inc previously held 75% or more of the shares and of the voting rights, and ceased to be a person with significant control on January 1, 2022. Maximilian Crown, also recorded at 75% or more of the shares, ceased on December 31, 2022.
That register covers the UK subsidiary only. Ownership of MoonPay Inc, the Delaware company that files with the SEC, does not appear in any of the primary registers reviewed here; the Form D notices do not disclose it, and the UK PSC register covers only the subsidiary.
Conclusion
MoonPay’s public record answers a narrower question than most readers arrive with. The $385,100,000 MoonPay Inc reported selling in December 2021 is the largest amount in any of its SEC filings. The “Decline to Disclose” beside it on all seven Form D notices is the closest thing to an official revenue statement that exists. What the registers support is checkable: two NYDFS entries granted 2025-06 and 2025-11, three named services on the AMF white list, and a UK balance sheet that moved from £44,864 to £275,032.
The reporting gap is a category feature, not a MoonPay quirk, and we expect it to narrow only where a regulator forces it. Compare this page against the consumer-credit data in our BNPL coverage or the trading-volume series in our NFT market data. Those categories report to somebody.