Financial technology company %MoonPay is acquiring payments start-up %Meso as it looks to expand its %Cryptocurrency payment offerings.
The acquisition was confirmed and promoted by privately held MoonPay on social media.
No financial details of the acquisition were provided.
“We’re excited to share that MoonPay has acquired Meso to help us build crypto’s largest global payments network,” wrote the company on X.
Meso’s co-founders Ali Aghareza and Ben Mills formerly worked for %PayPal (NASDAQ: $PYPL). They will now join MoonPay as the new chief technology officer and senior vice-president of product, respectively.
MoonPay refers to itself as an infrastructure provider for the wider cryptocurrency industry. Companies can plug MoonPay into their traditional payment products.
This is one of several acquisitions made by MoonPay in recent months. The company acquired Solana-powered crypto payment processor %Helio for $175 million U.S. in January of this year.
As a privately held concern, MoonPay’s stock does not trade on a public exchange.
