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MoonPay has acquired Helio, a Solana-based blockchain payment processor, for $175 million. This deal aims to enhance MoonPay’s payment capabilities and expand its infrastructure for retailers and exchanges.
The platform currently supports over 30 fiat currencies and 110 cryptocurrencies in 160 countries. This could be the start of more crypto mergers under the Trump administration.
MoonPay Expands Strategy in All Aspects
Previously, in December, it was rumored that the deal value was 150 million USD. However, the final figure was 175 million USD.
Helio, known for its comprehensive cryptocurrency payments platform, allows businesses to accept Bitcoin, Ethereum, Solana, USDC, and many other leading digital assets. This deal marks MoonPay’s largest acquisition ever.
According to press releaseHelio’s technology will help streamline the cryptocurrency payment process and increase transaction efficiency. This move is expected to boost MoonPay’s transaction volume and improve services for retailers and developers.
“In just 3 years, we’ve built things, powered over $1.5 billion in transactions, and become Solana’s favorite payment processor. MoonPay’s unique position as a bridge between traditional finance and DeFi, combined with its strong brand, global reach and regulatory compliance capabilities, creates an excellent opportunity to accelerate Helio’s growth and redefining payments,” Helio wrote on X (formerly Twitter).
By 2025, Helio will support more than 6,000 retailers. Popular platforms like Discord, Shopify, and WooCommerce have integrated Helio, making Helio a significant player in the e-commerce payments and subscriptions space.
Following the acquisition, MoonPay intends to provide a more comprehensive payment solution for retailers and consumers.
“Congratulations to the Helio team! It’s amazing to see that journey take place. A true Solana success story, built throughout the depths of a bear market. MoonPay’s $175M Acquisition Marks First 9-Figure Web3 Merger/Liquidation Event (In My Memory) Since 2022,” write Crypto influencer Topo Gigio.
MoonPay has had an outstanding year in 2024. In December, the company received a license to operate as a legal cryptocurrency business in the Netherlands under the European Union’s MiCA framework.
The Dutch Financial Conduct Authority has granted the license, marking a step forward for MoonPay’s expansion in Europe. In November 2024, MoonPay reported a 295% increase in Solana daily transactions compared to the same period in 2023.
Also in Q2, the company partnered with PayPal. This integration allows users in the United States to purchase cryptocurrency through the payments giant, simplifying the shopping process for customers.
Meanwhile, the acquisition comes amid MoonPay’s efforts to influence crypto-friendly regulations in the United States. MoonPay is one of the major sponsors of Trump’s upcoming inauguration, along with Ripple, Kraken and Ondo Finance.
The company has also made notable developments on the humanitarian front, recently donating $50K to the California wildfire crisis.
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