Share this article
MoonPay Buys Crypto Payment Processor Helio for $175M
MoonPay's acquisition of Helio is reportedly valued at $175 million.
Updated Jan 14, 2025, 6:58 p.m. Published Jan 13, 2025, 9:14 p.m.
Make us preferred on Google
What to know:
- MoonPay is buying Helio, a Solana-powered crypto payment processor.
- The deal is reported to have a price tag of $175 million.
- "This acquisition is an important step in advancing our vision for the future of payments,” said MoonPay CEO.
MoonPay, a crypto infrastructure service provider, has bought Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million.
The Miami-based company aims to expand its trading and marketplace volume using Helio's products. "This acquisition is an important step in advancing our vision for the future of payments,” said Ivan Soto-Wright, CEO and co-founder of MoonPay, in a statement. “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces."
Helio, a London-based startup, was launched in 2022 and enables businesses to process payments via digital currencies such as USDC, SOL, BTC and ETH, among others. Helio has already processed over $1.5 billion in transactions and has integrated with platforms including Discord, WooCommerce, and Shopify.
STORY CONTINUES BELOW
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters
The company supports over 6,000 merchants and one million users. Meanwhile, MoonPay has over 20 million users, the statement said.
The deal comes after MoonPay formed a strategic partnership with PayPal in May to use PayPal accounts for buying and selling over 100 cryptocurrencies on its platform. Then, in October, PayPal announced that eligible U.S. users could use Venmo to fund their accounts on MoonPay.
Plus pour vous
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Ce qu'il:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Plus pour vous
UAE's central bank has approved a USD-backed stablecoin
The USDU stablecoin is issued by Universal Digital, a crypto firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
Ce qu'il:
- Reserves backing USDU are held 1:1 in safeguarded onshore accounts at Universal’s banking partners: Emirates NBD and Mashreq, with Mbank.
- Digital asset infrastructure firm Aquanow has been appointed as a global distribution partner, supporting institutional access to USDU outside the UAE.
Top Stories
