MoonPay Acquires Solana-Powered Helio to Boost Merchant Payment Solutions

Last Updated on January 14, 2025

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MoonPay company website on a phone screen. Source: rarrarorro - stock.adobe.com

Key Takeaways:

  • Strategic Expansion: MoonPay’s $175M acquisition of Helio strengthens its position in the crypto payment ecosystem, leveraging Helio’s Solana-based technology.
  • Enhanced Capabilities: Helio’s crypto checkout platform, supporting over 6,000 merchants and $1.5B in transactions, will integrate into MoonPay’s infrastructure to improve transaction efficiency.
  • Market Impact: The acquisition aims to streamline payment systems for merchants, fostering faster, decentralized solutions in e-commerce and digital goods markets.

MoonPay, a prominent fiat-to-crypto service provider, has acquired Solana-based payment processor Helio for $175 million to expand its capabilities in the crypto payment sector.

Helio specializes in crypto checkout solutions, enabling businesses to accept payments in various digital assets like Bitcoin, Ethereum, Solana’s SOL, and USD Coin.

This strategic acquisition aims to enhance MoonPay’s payment infrastructure and improve transaction efficiency for merchants and marketplaces.

Helio has established itself as a key player in the industry, supporting over 6,000 merchants and processing more than $1.5 billion in transactions.

Its services are widely used in e-commerce, digital goods, and subscription platforms, with integrations into major platforms like Discord, Shopify, and WooCommerce.

The integration of Helio’s technology is expected to strengthen MoonPay’s offerings for merchants, developers, and consumers.

Helio’s CEO, Stijn Paumen, highlighted the company’s success in making crypto payments accessible to millions in just three years.

Following the acquisition, Paumen expressed confidence in MoonPay’s potential to revolutionize merchant payment processes by replacing traditional, slow, and expensive systems with faster, cost-effective, decentralized solutions.

This move aligns with MoonPay’s vision of creating a more comprehensive and efficient crypto payment ecosystem.

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