MoonPay Plans to Acquire Helio for $150 Million
this Crypto payments MoonPay platform is reportedly in talks to acquire Helio Pay for $150 million. If the acquisition goes through, it will enhance MoonPay’s crypto services and potentially attract more users to the platform.
However, data shows that MoonPay’s investment activity has underperformed over the past two years.
MoonPay plans largest acquisition yet
According to Fox Business’s Eleanor Treat, monthly payment Negotiations are ongoing to acquire Helio for approximately $150 million. If the deal is finalized, it would be MoonPay’s largest acquisition since its founding in 2018.
Helio is a comprehensive payment platform for the Web3 economy. In April 2023, during the seed round of financing, the project Raised $3.3 millionattracted the participation of several venture capital firms, such as Solana Ventures, RockawayX, Faction and 23 other venture capital firms and angel investors. So far, Helio Report It has more than 6,000 merchants, more than 1 million users, and annual sales of more than 1.5 billion US dollars.
“Helio is a Coinbase Commerce alternative that provides a self-serve crypto payments platform that enables content creators and e-commerce merchants to get paid in crypto. It currently offers white label solutions including integration into Shopify for transactions with Solana Pay and Dexscreener Infrastructure.” —Journalist Eleanor Treat explain.
In 2024, MoonPay has made significant progress in a bull market environment. For example, last month, MoonPay Set Solana transaction record Within a day. Additionally, the company continuously integrates with various partners, such as ripple and PayPaldiversifying its payment and asset management channels.
A potential acquisition by Helio could be their next big leap. The plan came amid a wave of Cryptocurrency adoption continues to grow and related positive forecasts Stablecoin payments accepted globally.
According to MoonPay’s official website, the platform is currently active in more than 160 countries, has more than 20 million accounts, and has facilitated more than $6 billion in cryptocurrency transactions.
Data from Cryptorank MoonPay’s investment activity is shown to be subdued in 2024. Since 2023, MoonPay has invested in about 10 projects in the cryptocurrency market, 50% of which are related to NFT and metaverse. However, both industries will perform very poorly in 2024.
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