MoonPay Eyes Crypto Payment Expansion Via $150M Helio Deal

• MoonPay eyes a $150M deal to acquire Helio Pay, expanding its crypto payment services.
• Helio Pay serves 6,000+ merchants and 1M+ users, handling over $1.5B in annual transactions.
• The acquisition could strengthen MoonPay’s Web3 presence, cementing its dominance in DeFi.

As journalist Eleanor Terrett reported in an X post on Tuesday, MoonPay is in discussions to buy Helio Pay for $150 million. If the deal goes through, it would be the largest acquisition since MoonPay was launched in 2018. The deal could bolster MoonPay’s crypto payment offerings and increase the number of customers using the company’s services. Helio, a Web3 payment service provider, has rapidly expanded in the market and emerged as one of the frontrunners in the ongoing crypto economy.

Helio Pay’s Rapid Growth

Helio Pay already works with over 6,000 merchants and has over 1 million active users. The company handles more than 1.5 billion dollars in annual transactions. In April 2023, the startup Helio closed the seed funding round to $3.3 million, with investors including Solana Ventures, RockawayX, and Faction. This fast expansion has made Helio an attractive acquisition for MoonPay, as the latter wants to expand its services.

The acquisition occurred when MoonPay expanded its services in various ways. In 2024, the platform achieved the highest number of Solana transactions within a day. Also, MoonPay has an association with big companies like Ripple and PayPal, which has made it improve payment channels and asset management.

MoonPay’s Global Impact

MoonPay is accessible in more than 160 countries and boasts over 20 million registered users. It has facilitated more than 6 billion in cryptocurrency trading volume. These numbers demonstrate the essence of MoonPay’s involvement in the global crypto space. The company’s ability to integrate payment options and digital assets has helped it acquire many customers.

According to the analytical platform CryptoRank, the company has not been getting impressive results from its investments over the past few years. Specifically, since 2023, MoonPay has invested in about 10 projects, half of which are related to NFTs and the metaverse, the areas that were problematic in 2024.

Source: CryptoRank

If MoonPay acquires Helio Pay, it could prove to be a turning point. It would allow the company to move into other arenas and become even more prominent in the burgeoning Web3 space. Since more people are adopting cryptocurrencies all over the world, this deal could boost MoonPay’s chances of becoming one of the leading companies in the Decentralized Finance industry.

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