New Layer Capital is extremely excited to announce our participation in Moon’s pre-seed round, with participation from Fenbushi Capital, New Form Capital, SBX Capital, Manresa Ventures, Fulgur Ventures, and others.
Moon Technologies, based in New York City is an American crypto challenger bank and banking-as-a-service (BaaS) platform. Moon’s mission is to bank the unbanked, provide the utmost privacy and provide frictionless solutions that tie seamlessly to traditional finance access points, across borders and political barriers.
Moon CEO Ken Kruger said, “The company is using the proceeds to expand into a web and mobile application, making it possible to fund Moon cards with accounts from other exchanges (currently Moon only uses Coinbase). The company will also use the funding to expand its geographic reach, enable users to pay with stablecoins in addition to bitcoin and expand its team of 7 to a team of 10 or 12 in the next few months.”
Moon is an early entrant in making the crypto-fiat conversion process easy and accessible to everyone with their physical/virtual cards, web app, mobile app & browser plugin.
See the full Coindesk article here:
https://www.coindesk.com/business/2021/09/24/bitcoin-startup-moon-raises-21m-to-enter-new-markets/