MoonPay – a crypto payment infrastructure company – has just acquired startup Meso as part of its global expansion strategy.
According to the announcement , the deal brings MoonPay closer to its goal of building a global payments network that connects banks, cards, stablecoins, and blockchain, under a unified regulatory framework that includes a license in the US and MiCA regulation in Europe. “We’ve created trusted gateways to crypto for millions of people. Now it’s time to build a global network to move money in all forms and markets,” said CEO and co-founder Ivan Soto-Wright.
Meso co-founders Ali Aghareza and Ben Mills will join MoonPay as CTO and SVP of Product, respectively, bringing experience from Braintree, PayPal and Venmo. The size and terms of the deal were not disclosed.
This is the latest in a chain of acquisitions by MoonPay, following Helio ( Solana payments), Iron (stablecoin infrastructure), and Decent.xyz ( on-chain payments tool). The acquisitions are aimed at expanding its services to support crypto purchases via cards, bank transfers, and mobile.
However, MoonPay also faces cost challenges. In June, the company cut 10% of its staff due to its high cost structure and lower-than-expected profit margins. Founded in 2019, MoonPay was valued at $3.4 billion after raising $555 million in Series A Capital in 2021.
Follow CoinMoi to update the hottest issues of the crypto market ok!!!
The article MoonPay “acquires” crypto payment startup Meso appeared first on CoinMoi .
