Highlights:
- The Helio platform offers e-commerce plugins for popular platforms such as Shopify and WooCommerce, enabling the integration of crypto payments into existing online stores.
- Helio’s payment platform supports various blockchains, including Solana, Bitcoin, and Ethereum, and enables payments with over 100 cryptocurrencies.
Recently, a cryptocurrency infrastructure service provider, MoonPay USA LLC, acquired Helio Fintech Ltd., a cryptocurrency payment platform startup, to enhance decentralized finance, creator commerce, and trading infrastructure.
While the acquisition price was not officially disclosed, Fox Business reported that the deal was finalized for an impressive USD 175 million.
Founded in 2022, Helio provides a cryptocurrency checkout platform aimed at simplifying digital payments for merchants and creators. The company’s solutions cater to various business needs, offering features like the ability for merchants to create “Pay Links” for sharing checkout links to sell products or services, with instant cryptocurrency payment options, including USDC.
The Helio platform offers e-commerce plugins for popular platforms like Shopify and WooCommerce, enabling crypto payment integration into existing online stores. For other platforms, the company provides an API and checkout embed features for custom websites and applications.
Helio’s payment platform supports various blockchains, including Solana, Bitcoin, and Ethereum, and allows payments with over 100 different cryptocurrencies.
At the time of its acquisition, Helio had over 6,000 business customers and processed more than USD 1.5 billion in annual transactions. Notable clients include Magic Eden Inc., Hivemapper Inc., Solana Labs Inc., Star Atas LLC, Layer Zero Labs Inc. and Polygon Labs. Pte. Ltd.
Moonpay intends to leverage Helio’s technology to boost its trading and marketplace volume by integrating Helio’s features with its expansive product ecosystem.
“This acquisition is an important step in advancing our vision for the future of payments. Helio’s technology and expertise strengthen our ability to deliver efficient, secure and scalable solutions for crypto commerce, trading infrastructure and marketplaces. With MoonPay and Helio combined, we now offer the most comprehensive product for on-chain payments,” Co-founder and Chief executive officer of Moonpay, Ivan Soto-Wright, said in a statement.
In a remarkable outcome for its investors, Helio is being acquired after securing just USD 3.3 million in venture capital funding, according to Tracxn data. Investors poised to receive a significant return include Lightspeed Venture Partners Management, Peak Games Yazılım ve Pazarlama A.Ş., RockawayX Blockchain Ventures, Solana, Alphanet Angles, and Walker Global Ventures.