In a significant move set to reshape the cryptocurrency payment landscape, MoonPay, a prominent crypto infrastructure service provider, has successfully acquired Helio, a Solana-powered crypto payment processor. The acquisition reportedly valued at $175 million, marks an important milestone in MoonPay’s quest to expand its trading and marketplace volume through Helio’s innovative solutions.
According to a statement from Ivan Soto-Wright, CEO and co-founder of MoonPay, this acquisition is pivotal in furthering their vision for the future of payments. He emphasized, “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces.” This underscores MoonPay’s commitment to enhancing the user experience and operational efficiency within the rapidly evolving crypto domain.
Helio, a London-based startup, has made a name for itself since its inception in 2022 by enabling businesses to facilitate payments in various digital currencies including USDC, SOL, BTC, and ETH. Impressively, Helio has processed over $1.5 billion in transactions and has successfully integrated with popular platforms such as Discord, WooCommerce, and Shopify, making it a notable player in the crypto payment processing sector.
The company currently serves over 6,000 merchants and one million users. In contrast, MoonPay boasts a user base exceeding 20 million, reflecting its significant market presence in the cryptocurrency space.
This acquisition comes on the heels of MoonPay’s strategic partnership with PayPal, formed in May, which allows users to buy and sell more than 100 cryptocurrencies directly through their PayPal accounts. Further enhancing accessibility, PayPal announced in October that eligible U.S. users could now fund their MoonPay accounts using Venmo, significantly broadening the payment options available to users.
As the crypto payment landscape continues to mature, MoonPay’s acquisition of Helio serves as an important step towards building a more robust and versatile infrastructure, designed to meet the demands of a growing user base and industry evolution.
