MoonPay acquired Helio, a blockchain payment processor, for $175 million.
Strategic Enhancement of Services
Helio, known for facilitating over $1.5 billion in cryptocurrency transactions and supporting more than 6,000 merchants since its inception in 2022, brings to MoonPay a robust suite of tools tailored for payment processing, subscription management, and API integrations.
This acquisition, announced on January 13 via a blog post by Helio, positions MoonPay to capitalize on the increasing demand for decentralized financial transactions in digital commerce and decentralized applications.
The integration of Helio’s infrastructure is set to streamline MoonPay’s payment processes and spur the development of new tools aimed at creators and businesses leveraging blockchain technology. Stijn Paumen, CEO and co-founder of Helio, expressed enthusiasm about the merger, highlighting the enhanced capacity to transform merchant payments with faster, more cost-effective, and decentralized solutions.
Ivan Soto-Wright, CEO and co-founder of MoonPay, underscored the acquisition’s pivotal role in realizing the company’s future vision for payment solutions. He emphasized that Helio’s technological expertise will bolster MoonPay’s offerings, ensuring efficient, secure, and scalable crypto commerce solutions. Additionally, MoonPay’s recent authorization as a licensed crypto business in the Netherlands under the EU’s Markets in Crypto-Assets (MiCA) regulations aligns with its strategy to expand its operational and regulatory compliance across Europe.
This acquisition not only broadens MoonPay’s operational scope but also reaffirms its commitment to leading the charge in adopting and implementing crypto payment solutions across global markets.