MoonPay Acquires Helio for $175 Million to Enhance Crypto Payment Services
MoonPay acquired Helio, a Solana-based blockchain payment processor, for $175 million. This is MoonPay's largest acquisition, aimed at enhancing crypto payment services and expanding solutions for merchants.
- Acquisition finalized at $175 million, up from earlier estimates of $150 million
- Helio supports over 30 fiat currencies and 110 cryptocurrencies
- Powers payments for over 6,000 merchants, including Shopify and Discord
- Facilitated over $1.5 billion in transactions in three years
- Integration expected to simplify crypto payments and improve transaction efficiency
- MoonPay reported a 295% rise in daily Solana transactions in November 2024 compared to November 2023
- Became a licensed crypto business in the Netherlands under EU’s MiCA regulations
- Partnership with PayPal allows US users to purchase cryptocurrencies easily
MoonPay aims to influence crypto-friendly regulations in the US and has recently donated $50,000 for California wildfire relief efforts. This acquisition strengthens its position in the Web3 and crypto payments sector.