- Crypto infrastructure provider MoonPay acquires Helio for $175 million to expand payment services.
- Helio processes payments in USDC, SOL, BTC, ETH and has handled over $1.5 billion in transactions.
- The acquisition strengthens MoonPay’s position in crypto commerce and trading infrastructure.
- Helio serves 6,000 merchants and one million users across major platforms like Discord and Shopify.
- The deal follows MoonPay’s strategic partnership with Paypal and Venmo integration in 2023.
MoonPay, a leading cryptocurrency infrastructure provider, has acquired London-based payment processor Helio in a deal worth $175 million, according to Fox Business. The acquisition aims to expand MoonPay’s trading and marketplace capabilities.
Strategic Integration of Payment Technologies
Helio, established in 2022, specializes in processing cryptocurrency payments, including stablecoins like USDC and major cryptocurrencies such as SOL, BTC, and ETH. The company’s integration with popular platforms such as Discord, WooCommerce, and Shopify has facilitated over $1.5 billion in transaction volume.
MoonPay CEO Ivan Soto-Wright emphasized the acquisition’s importance in a company statement, saying: "This acquisition is an important step in advancing our vision for 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."
Market Reach and User Base
The combined entity brings together Helio’s 6,000 merchants and one million users with MoonPay’s existing base of 20 million users. This consolidation creates a substantial presence in the cryptocurrency payment processing sector.
Strategic Partnerships
The acquisition builds upon MoonPay’s recent strategic moves in the payment sector. In May 2023, the company formed a partnership with PayPal, enabling users to buy and sell over 100 cryptocurrencies through their PayPal accounts. The collaboration expanded in October when PayPal announced that U.S. users could fund their MoonPay accounts using Venmo, adding another layer of payment accessibility.
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