Global acquisition of Meso by MoonPay for construction of a worldwide payment system
MoonPay Expands Its Payments Network with Acquisitions
MoonPay, a leading cryptocurrency payments platform, is making waves in the digital payments industry by allowing users to pay with any type of currency, whether traditional or digital, as easily as sending a text message.
In 2025, MoonPay has made significant strides in its growth, acquiring four companies to create a complete payments network. The acquisitions of Helio, Iron, and most recently, Meso, are part of MoonPay's larger acquisition strategy this year.
The Helio acquisition cost MoonPay $175 million, while the Iron acquisition set the company back over $100 million. The Meso acquisition, on the other hand, offers improved developer tools for other companies integrating MoonPay's services and enhances MoonPay's support for US banking systems, providing better connections to ACH transfers and real-time payment networks.
Ben Mills, a former head of product at Venmo, has joined MoonPay as Senior Vice President of Product. Ali Aghareza, a former PayPal engineer and founder of Meso, has been appointed as MoonPay's Chief Technology Officer. Both Mills and Aghareza bring extensive experience in digital payments to MoonPay.
MoonPay's focus remains on helping people buy and sell cryptocurrencies using regular payment methods like credit cards and bank transfers. The company now serves over 20 million customers and works with nearly 500 partner companies, with the Meso deal expected to expand its customer base.
The success of MoonPay's strategy depends on whether people will use crypto for everyday purchases. Despite technological improvements, most consumers still prefer credit cards and bank transfers for routine transactions. However, the crypto industry is seeing increased interest in stablecoin payments, with companies like Stripe investing $1.1 billion in a crypto payment company.
MoonPay has maintained profitability despite challenges in the crypto market and has secured regulatory approvals, including MiCA approval in the Netherlands and BitLicense and money transmitter license from New York's Department of Financial Services.
As the digital payments space rapidly changes, companies that can connect old and new financial systems are becoming more valuable as both consumers and businesses seek more payment options. MoonPay's acquisitions are a testament to its commitment to bridging the gap between traditional and digital payments.
With 2025 expected to be its strongest year for earnings and cash flow, MoonPay is poised to continue leading the way in the digital payments industry.
Read also:
- Ford Discontinues Popular Top-Seller in Staggering Shift, Labeled as a "Model T Event"
- 2025 Witnesses a 27% Surge in Worldwide Electric Vehicle Sales, Despite Opposition to Electrification Policies in the U.S.
- Recorded surge in electric vehicle registrations during the initial half of the year
- Dubai-bound: Omega Seiki Mobility, an electric vehicle company from India, prepares for assembly establishment
