MoonPay Acquires Helio for $175 Million in Its Largest Merger Deal

by

MoonPay recently purchased Helio, a payment processor specializing in the Solana blockchain network, for a sum of $175 million. This acquisition is geared towards strengthening MoonPay’s payment functionalities and broadening its merchant and marketplace infrastructure.

The system at present accommodates more than thirty traditional currencies and approximately one hundred and ten digital currencies, which are accessible in around one hundred and sixty nations. It’s possible that this could mark the beginning of numerous cryptocurrency mergers during Trump’s presidency.

MoonPay Continues Strategic Expansion Across All Avenues

Initially, there were predictions that the deal would be worth around $150 million back in December. But in the end, the actual transaction amounted to $175 million instead.

Helio, renowned for its extensive cryptocurrency payment system, enables companies to receive payments in Bitcoin, Ethereum, Solana, USDC, and other prominent digital currencies. This transaction represents the biggest takeover by MoonPay so far.

As stated in the press release, Helio’s technology is designed to simplify cryptocurrency transaction procedures and enhance their effectiveness. This development is anticipated to amplify MoonPay’s trade volumes and enhance offerings for both merchants and developers alike.

Over the past three years, MoonPay has accomplished much, facilitating over $1.5 billion in transactions and solidifying its role as Solana’s primary payment processor. The unique position that MoonPay holds as a conduit between traditional finance and DeFi, along with its powerful brand, global influence, and robust regulatory framework, presents an exceptional chance to boost Helio’s expansion and jointly reshape the future of payments. This was shared by Helio on platform X (previously known as Twitter).

By the year 2025, Helio has been assisting more than 6,000 businesses. Notable platforms such as Discord, Shopify, and WooCommerce have already partnered with Helio, positioning it as a significant force in the e-commerce and recurring payment sectors.

After the purchase, MoonPay intends to deliver a broader range of payment options for both merchants and customers.

As a proud crypto investor, it’s fantastic to congratulate the Helio team on their remarkable journey! Witnessing their growth through the bear market’s trials has been truly inspiring. The $175M acquisition by MoonPay signifies a significant milestone in web3, marking what I believe is the first 9-figure event since early 2022, highlighting Solana’s success story.

2024 proved to be a momentous year for MoonPay, culminating in December with the approval to function as a legally recognized cryptocurrency business within the Netherlands, operating under the supervision of the EU’s MiCA regulatory framework.

The Financial Markets Authority of the Netherlands granted MoonPay a license, signifying progress in their European growth. By November 2024, MoonPay saw a remarkable 295% surge in daily Solana transactions compared to the corresponding period in 2023.

Additionally, it’s worth mentioning that back in Q2, the company formed a partnership with PayPal. This collaboration enabled US customers to easily buy cryptocurrencies using PayPal, streamlining the purchasing process for them.

The takeover happens as MoonPay works towards shaping pro-crypto laws in the U.S. Notably, MoonPay is among the significant contributors to Donald Trump’s forthcoming inauguration, alongside companies such as Ripple, Kraken, and Ondo Finance.

Additionally, it has seen significant progress in the humanitarian sector, most recently contributing $50,000 towards the relief efforts of the California wildfire disaster.

Read More

2025-01-13 22:56