MoonPay buys Glide in all-equity deal to bolster crypto deposits
What's the deal? MoonPay, the $3.4 billion crypto payments company, has acquired GlideDealroom has a profile for this one. Try Dealroom →, a Y Combinator-backed startup focused on crypto deposits, in an all-equity deal. Glide's specialty is the infrastructure that helps users and businesses move fiat currency into crypto wallets. The buy gives MoonPay deeper bank and fiat integration capabilities.
The acquisition playbook: All-equity deals have become MoonPay's preferred acquisition currency. It previously bought Israeli cryptography firm SodotDealroom has a profile for this one. Try Dealroom → for $100 million in equity and Solana payments company HelioDealroom has a profile for this one. Try Dealroom → for $175 million, also in equity.
The logic is straightforward: preserve cash and align the acquired team's incentives with MoonPay's long-term success.
What's the endgame? MoonPay, founded in 2019 by Ivan Soto-WrightDealroom has a profile for this one. Try Dealroom →, Victor FaramondDealroom has a profile for this one. Try Dealroom →, and Maximilian CrownDealroom has a profile for this one. Try Dealroom →, wants to build the definitive infrastructure layer for moving money into and out of digital assets. Since 2024, it has pursued a multi-deal strategy across three verticals: security, stablecoin infrastructure, and payments.
Sodot brought cryptographic key management. Helio added Solana-native payment processing. Glide fills in the deposits piece.
What could go wrong? The ambition puts MoonPay against formidable players. CircleDealroom has a profile for this one. Try Dealroom →, the issuer of USDC, has been expanding its own payments and infrastructure services, while VisaDealroom has a profile for this one. Try Dealroom → has been building crypto settlement capabilities.
The signal: MoonPay's push into stablecoin infrastructure, combined with Glide's deposits capabilities, positions it to benefit from growing institutional adoption of stablecoins for cross-border payments and treasury management.
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