
Moonpay acquires Helio to enhance cryptocurrency commerce and trading infrastructure
Cryptocurrency infrastructure service provider MoonPay USA LLC announced today that it has acquired a cryptocurrency payment platform startup Helio Fintech Ltd. expand decentralized finance, create trade infrastructure.
Although the acquisition price has not been officially disclosed, Fox Business reported that the deal was closed for the princely sum of $175 million.
Founded in 2022, Helio offers a cryptocurrency payment platform designed to simplify the process of accepting digital payments for merchants and creators. The company’s range of solutions are tailored to a variety of business needs, providing services such as allowing merchants to create “paid links” to exchange checkout links to sell products or services with the option of instant payment in cryptocurrencies such as USDC.
The Helio platform provides e-commerce plugins for popular platforms such as Shopify Inc. and WooCommerce, to integrate cryptocurrency payments into existing online stores. For other platforms, the company offers an application programming interface and checkout embedding functionality for custom websites and apps.
The Helio payment platform supports multiple blockchains, including Solana, Bitcoin and Ethereum, as well as the ability to pay with over 100 cryptocurrencies.
At the time of acquisition, Helio has more than 6,000 business customers and processes more than $1.5 billion in transactions annually. Notable clients include Magic Eden Inc., Hivemapper Inc., Solana Labs Inc., Star Atas LLC, Layer Zero Labs Inc. and Polygon Labs. Pte. OOO
Moonpay plans to use Helio’s technology to expand its trading and marketplace by combining Helio’s capabilities with its own extensive ecosystem of products.
“This acquisition is an important step in advancing our vision for the future of payments,” said Ivan Soto-Wright, co-founder and chief executive officer of Moonpay. statement. “Helio’s technology and expertise strengthens our ability to provide efficient, secure and scalable solutions for crypto commerce, trading infrastructure and marketplaces. By combining MoonPay and Helio, we now offer the most comprehensive online payment product available.”
Helio is generating impressive returns for investors after raising just $3.3 million in venture funding, according to the data. from Traksna. Investors set to receive big paydays include Lightspeed Venture Partners Management, Peak Games Yazılım ve Pazarlama A.Ş., RockawayX Blockchain Ventures sro, Solana, Alphanet Angles and Walker Global Ventures.
Image: Helio
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2025-01-13 23:10:33