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MoonPay buys crypto payments firm Meso
Yahoo Financeยท 2025-09-16 09:27
Core Insights - MoonPay has acquired Meso, a company that connects traditional financial systems with digital currencies, enhancing its international payments network [1][2] - Meso supports multiple blockchains and payment methods, including Ethereum, Solana, Bitcoin, debit cards, and Apple Pay [1] - The financial details of the acquisition remain undisclosed [1] Company Developments - Meso's co-founders, Ali Aghareza and Ben Mills, will join MoonPay, with Aghareza becoming the CTO and Mills taking the role of senior vice president of product [2][3] - Aghareza has a background in engineering at Braintree, while Mills has experience in payment product innovation at various companies [3] - MoonPay's CEO Ivan Soto-Wright stated that this acquisition is a pivotal moment for the company, aiming to create a global network for money movement [4] Financial Performance - MoonPay was profitable in the previous year and anticipates stronger earnings and cash flow by 2025 [5] - The company is also in discussions for a new funding round that could increase its valuation beyond $3.4 billion [4][5] - Earlier acquisitions in 2023 include Iron, a stablecoin platform, and Helio, a crypto payment processor based on Solana [5]