MoonPay acquires Helio for $175M to enhance payment services

MoonPay has officially acquired Helio, a Solana-based (CRYPTO:SOL) payment processor, in a deal valued at $175 million, aimed at expanding its crypto payment services.

This acquisition allows MoonPay to integrate Helio's technology, which facilitates digital asset transactions for over 6,000 merchants and has processed more than $1.5 billion in transactions.

Helio’s platform supports payments in various cryptocurrencies, including Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and USDC (CRYPTO:USDC), and is already integrated with popular e-commerce platforms like Shopify and Discord.

“Joining forces with MoonPay will help us accelerate our mission to replace slow, costly merchant payments with fast, affordable and decentralised solutions,” stated Stijn Paumen, co-founder and CEO of Helio, expressing enthusiasm about the merger.

The acquisition is expected to enhance MoonPay's trading and marketplace volume by streamlining crypto payment processes for merchants and developers.

“Helio’s technology and expertise strengthen our ability to deliver efficient, secure and scalable solutions for crypto commerce,” stated Ivan Soto-Wright, co-founder and CEO of MoonPay, highlighting the strategic importance of this deal.

Previously speculated to be worth $150 million, the finalised deal marks MoonPay's largest acquisition to date.

This move reflects the growing trend of mergers in the cryptocurrency sector as companies seek to bolster their capabilities amid evolving market dynamics.

In addition to this acquisition, MoonPay recently received regulatory approval to operate as a licensed crypto business in the Netherlands under the EU’s Markets in Crypto-Assets (MiCA) framework.

As the company continues to expand its offerings—including new features like MoonPay Balance—it aims to solidify its position as a leading provider of fiat-to-crypto on-ramp solutions.