MoonPay has acquired Glide, a Y Combinator-backed crypto deposits startup, in an all-equity deal. The acquisition strengthens MoonPay's infrastructure for moving fiat currency into crypto wallets through enhanced bank and fiat integrations. The deal continues MoonPay's strategy of using equity rather than cash for acquisitions. The company previously bought Israeli cryptography firm Sodot for $100 million in equity and Solana payments company Helio for $175 million, also in equity. Founded in 2019, MoonPay has been executing a multi-deal acquisition strategy targeting security, stablecoin infrastructure, and payments. The moves position the crypto payments company to compete with Circle and Visa whilst capitalising on growing institutional adoption of stablecoins for cross-border payments and treasury management.

Acquisition adds agentic reconciliation, bookkeeping, treasury, reporting, and close automation to MoonPay's infrastructure for businesses operating with digital assets

MoonPay has acquired Entendre, an AI accounting startup for companies using stablecoins and digital assets, CEO Ivan Soto-Wright told Axios. The transaction involved cash and stock, though terms were not disclosed. Entendre uses AI agents to reconcile digital asset transactions against accounting systems and general ledgers. The startup's customers include Polygon Labs, Thirdweb and Babylon Labs, processing 25,000 transactions monthly across more than 30 financial accounts. Entendre's team of fewer than 10 employees will join MoonPay, with founder Kareem Khattab becoming VP of applied AI. The company had previously raised $4 million in seed funding led by Basis Set Ventures. Soto-Wright said MoonPay plans additional acquisitions and expects to announce new regulatory licences before year-end. The company now employs about a dozen former CEOs and CTOs.