MoonPay kicks off 2025 with acquisition of Helio to advance the way forward for crypto funds

• Helio is a blockchain-based platform constructed on Solana
• It has dealt with greater than $1.5 billion in transactions and helps over 6,000 retailers
• Helio integrates with platforms comparable to Discord, Shopify, and WooCommerce

MoonPay, a crypto funds platform, has acquired Helio, a blockchain-based platform constructed on Solana, for a reported $175 million.

Ivan Soto-Wright, co-founder and CEO of MoonPay, posted the announcement on X, including that “2025 goes to be [an] even greater [year], and we’re kicking it off with a bang [with] the acquisition is HelioPay.”

Fox Enterprise reported the acquisition was for $175 million.

breaking information: we’ve acquired @helio_pay pic.twitter.com/k3Nw9XfvOo

— MoonPay 🟣 (@moonpay) January 13, 2025

In accordance with a press launch, the acquisition of Helio brings its know-how, group, and ecosystem into MoonPay’s portfolio.

“This acquisition is a vital step in advancing our imaginative and prescient for the way forward for funds,” stated Soto-Wright. “Helio’s know-how and experience strengthen our capability to ship environment friendly, safe, and scalable options for crypto commerce, buying and selling infrastructure, and marketplaces. With MoonPay and Helio mixed, we now supply essentially the most complete product for on-chain funds.”

Helio has already dealt with greater than $1.5 billion in transactions, integrates with platforms comparable to Discord, Shopify, and WooCommerce, and helps over 6,000 retailers.

MoonPay receives MiCA approval

In December, MoonPay secured its Markets in Crypto Belongings (MiCA) license within the Netherlands. By doing so, MoonPay can supply its providers and merchandise throughout Europe.

The granting of the MiCA license is an enormous milestone for MoonPay because the approval means enlargement throughout a big market the place extra persons are tapping into crypto funds.

In June, MoonPay built-in with PayPal for on-ramp crypto purchases within the UK and the US. MoonPay additionally partnered with Ledger final April to convey immediate crypto purchases to its Ledger Reside customers.