Investors like Justin Bieber and Gwyneth Paltrow pile into crypto startup Moonpay

It’s no secret that some A-list celebs have jumped onto the crypto bandwagon, creating and promoting their own NFTs, starting crypto companies and whatnot. Now, big celebs like Justin Bieber, Gwyneth Paltrow, Ashton Kutcher, Snoop Dogg and others have come together – not for a Hollywood project, but for a crypto startup called Moonpay.

Moonpay lets you buy crypto using familiar payment methods like Apple Pay or bank transfers. Other famous Moonpay investors include Jason Derulo, Kate Hudson and Shawn Mendez … but we’re just name-dropping at this point. The company now has a US$3.4 billion valuation.

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“A lot of companies might open a very small portion of their rounds, but we wanted to take on meaningful checks from these folks, because we want them to be part of this story and shape product direction,” said CEO Ivan Soto-Wright.

“A lot of them have venture capital portfolios, a lot of them have their own independent ventures, and we came to them saying ‘we can help you understand opportunities around Web3, crypto and the metaverse,’” said Soto-Wright. “We virtually had no rejections. Everyone wanted to be a part of it.”