MoonPay, a crypto infrastructure services provider, has acquired Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million.
The Miami-based company aims to expand its trading and marketplace volume using Helios’ products. “This acquisition is an important step in advancing our vision for the future of payments,” Ivan Soto-Wright, CEO and co-founder of MoonPay, said in a statement. “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto trading, trading infrastructure and marketplaces.”
Launched in 2022, Helio, a London-based startup, enables businesses to process payments via digital currencies such as USDC, SOL, BTC and ETH, among others. Helio has already processed over $1.5 billion in transactions and has integrated with platforms including Discord, WooCommerce and Shopify.
The company supports over 6,000 merchants and one million users. Meanwhile, MoonPay has over 20 million users, the statement said.
The deal comes after MoonPay formed a strategic partnership with PayPal in May to use PayPal accounts to buy and sell over 100 cryptocurrencies on its platform. Then in October, PayPal announced that qualified US users could use Venmo to fund their accounts on MoonPay.
