Quick take:
This is MoonPay’s biggest acquisition yet as it expands its crypto payment services amid a looming regulatory breakthrough in the Trump administration.
The acquisition follows MoonPay’s partnership deals with PayPal and Venmo announced last year.
As of 2024, MoonPay had overseen a crypto transfer of more than $2 billion overall, according to Fortune.
MoonPay has announced the acquisition of crypto processing firm Helio in a deal worth $175 million. The crypto payments company will integrate Helio’s technology that is used by popular e-commerce and community network platforms Shopify and Discord to process cryptocurrency transactions.
This is MoonPay’s biggest acquisition yet and comes at a time when the crypto industry is preparing for a more conducive regulatory framework in the Trump administration.
The acquisition also follows MoonPay’s partnership with traditional payment companies PayPal and Venmo last year.
Commenting on the announcement, Stijn Paumen, CEO and co-founder of Helio said in a statement: “Joining forces with MoonPay, we’re excited to accelerate our mission and unlock crypto’s potential by replacing slow, costly merchant payments with fast, affordable, and decentralized solutions.”
Soto-Wright, CEO and co-founder of MoonPay highlighted Helio’s importance in his company’s plans to advance the future of payments.
“Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces. With MoonPay and Helio combined, we now offer the most comprehensive product for on-chain payments.”
In 2023, the crypto payments company also partnered with global payment service provider Mastercard further expanding its reach. It also tapped Latin America fintech Airtm as part of its strategy for accelerating global growth.
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