Cryptocurrency infrastructure service provider MoonPay has acquired cryptocurrency payment platform startup Helio Fintech to expand its decentralized finance, creator commerce, and trading infrastructure.
The deal was closed for $175 million. Helio offers a cryptocurrency checkout platform for merchants and creators to accept digital payments, providing services like 'Pay Links' for instant payment options in cryptocurrencies.
Helio's platform supports multiple blockchains and has over 6,000 business customers processing more than $1.5 billion in annual transactions.
MoonPay plans to utilize Helio's technology to enhance its trading and marketplace volume, offering comprehensive on-chain payment solutions.