MoonPay acquired Helio, a Solana-powered crypto payment processor, for $175 million. The acquisition aims to expand MoonPay’s current payment services while also improving its skills in the crypto commerce and trading infrastructure space.
Helio, founded in 2022, allows companies to accept payments in digital currencies such as USDC, SOL, BTC, and ETH. The company has already processed over $1.5 billion in transactions and has integrated with platforms including Discord, WooCommerce, and Shopify, supporting over 6,000 merchants and one million users.
MoonPay CEO Ivan Soto-Wright stated that the acquisition is a crucial step in advancing the company’s vision for the future of payments. MoonPay plans to use Helio’s technology to provide more efficient, safe, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces.
This acquisition comes after MoonPay formed a strategic partnership with PayPal in May 2024, enabling users to buy and sell over 100 cryptocurrencies on the MoonPay platform using their PayPal accounts.
With the acquisition of Helio, MoonPay is poised to further solidify its position as a leading player in the crypto payments space and expand its reach in the growing crypto commerce market.
