MoonPay, a crypto infrastructure service provider, has purchased Helio, a crypto payment processor powered by Solana. According to Fox Business, the amount of the agreement would be $175 million.
The Miami-based company aims to increase its trading and market volume using Helio products. “This acquisition is an important step in advancing our vision for the future of payments,” Ivan Soto-Wright, CEO and co-founder of MoonPay, said in a statement. “Helio’s technology and expertise strengthen our ability to provide efficient, secure and secure services. and scalable solutions for crypto trading, trading infrastructure and markets.
Helio, a London-based startup, launched in 2022 and allows businesses to process payments through digital currencies such as USDC, SOL, BTC, and ETH, among others. Helio has already processed over $1.5 billion in transactions and integrated with platforms like Discord, WooCommerce, and Shopify.
The company supports over 6,000 merchants and one million users. Meanwhile, MoonPay has more than 20 million users, the statement said.
The deal comes after MoonPay formed a strategic partnership with PayPal in May to use PayPal accounts to buy and sell more than 100 cryptocurrencies on its platform. Then, in October, PayPal announced that eligible US users could use Venmo to fund their accounts on MoonPay.
