MoonPay, a web3 infrastructure provider, is reportedly considering a $150 million acquisition of Helio, a crypto payments provider. This potential deal would mark MoonPay’s largest acquisition to date. Helio is focused on making it easy for merchants and apps around the world to accept crypto payments. The payment provider supports major chains such as Solana, Ethereum, Bitcoin, and Base.
Helio boasts powering crypto checkouts for over 6,000 merchants and apps, along with millions of unique active wallets. Setting up a Helio merchant account is a quick process that allows users to receive instant payments for various types of transactions including E-commerce, pre-sales, subscriptions, and digital products in USDC, SOL, ETH, BTC, and numerous other digital assets. In June, Helio launched a Solana Pay plugin for Shopify, enabling buyers to use SOL and other crypto assets with automatic swaps to stablecoins.
MoonPay positions itself as the “world’s leading” web3 infrastructure firm, offering end-to-end solutions for payments, enterprise-scale smart contract development, and digital asset management. The company has more than 20 million verified accounts and operates in 180 countries. Many well-known brands rely on MoonPay to support their Web3 strategies and ideas. MoonPay provides users with email alerts and can be followed on various social media platforms for updates.
In considering the acquisition of Helio, MoonPay aims to expand its capabilities in the crypto payments space and further solidify its position as a key player in the industry. The potential deal would enable MoonPay to enhance its offering to customers by leveraging Helio’s expertise and technology. With Helio’s focus on making crypto payments seamless for merchants and apps, the acquisition could open up new opportunities for MoonPay to grow its user base and expand its reach globally.
Overall, the reported acquisition of Helio by MoonPay highlights the ongoing consolidation and growth within the crypto payments industry. As more merchants and apps look to accept crypto payments, companies like MoonPay and Helio play a crucial role in facilitating these transactions. By joining forces, MoonPay and Helio could create a powerful synergy that benefits both companies and their users. As the crypto industry continues to evolve, partnerships and acquisitions like this one will likely become more common as companies seek to stay competitive and meet the demands of a rapidly changing market.
