MoonPay Buys Crypto Payment Processor Helio for $175M
MoonPay, a crypto infrastructure service provider, has bought Helio, a Solana-powered crypto payment processor. According to Fox Business, the deal is reportedly worth $175 million. The Miami-based company aims to expand its trading and marketplace volume using Helio’s products. “This acquisition is an important step in advancing our vision for the future of payments,” said Ivan Soto-Wright, CEO and co-founder of MoonPay, in a statement. “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces.” Helio, a London-based startup, was launched in 2022 and enables businesses to process payments via digital currencies…
