MoonPay to acquire Helio Pay for $150 million in its largest deal yet

Key Takeaways

MoonPay plans to acquire Helio Pay for $150 million to improve its payment services.
Helio Pay enables crypto payments for merchants, with solutions like Solana Pay integrated into Shopify.

MoonPay is in talks to acquire crypto payment platform Helio Pay for about $150 million, according to Fox Business correspondent Eleanor Terrett in a post on X.

If completed, the deal would mark MoonPay's largest acquisition since its founding in 2018.

MoonPay, which allows users to buy and sell digital assets using debit cards, credit cards, and mobile payment services such as Apple Pay and Google Pay, has built a user base of over 20 million accounts on worldwide.

Its focus on simplifying crypto transactions has made it a leading platform for introducing users to digital assets.

Helio Pay operates a self-service platform that allows content creators and eCommerce merchants to accept crypto payments.

In particular, Helio's technology has integrated Solana Pay into Shopify, allowing merchants to process payments in stablecoins such as USDC, PYUSD, and EURC with automatic conversion features.

The purchase would expand MoonPay's merchant services capabilities and add Helio's technology to its existing payment infrastructure.