MoonPay acquired Entendre, an AI accounting startup, according to an announcement on Monday. The acquisition expands MoonPay's infrastructure into the financial operations layer. Entendre builds AI accounting agents that automate finance operation workflows, including reconciliations, treasury management, month-end close, and journal entries for high-volume crypto and fintech businesses. The move supports MoonPay's strategy to enable businesses to adopt stablecoins at scale by providing finance operations with automation capabilities. This marks MoonPay's fourth acquisition this year, following a series of strategic purchases aimed at building comprehensive crypto infrastructure.
Entendre Brings AI Accounting Automation to MoonPay Platform
Entendre's AI accounting agents automate finance operation workflows for high-volume crypto and fintech businesses. The platform handles reconciliations, treasury management, month-end close, journal entries, and related tasks. According to the announcement, Entendre already counts Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero as clients.
"If businesses are going to adopt stablecoins at scale, their finance operations need the same speed, context, and automation as the payments themselves. Entendre takes us deeper into the agentic finance layer so businesses can operate in this new paradigm," MoonPay CEO Ivan Soto-Wright said.
The entire Entendre platform and team will join MoonPay immediately. Existing customers will see no disruption, according to the announcement.
MoonPay recently launched MoonPay Trade, an institutional-grade unified API for onchain execution, settlement, conversion, and payments across over 200 chains and protocols. MoonPay Chief Legal Officer and CEO of MoonPay Institutional Caroline Pham oversees the institutional operations. Pham previously served as acting CFTC chair.
MoonPay Completes Fourth Acquisition in Strategic Expansion
The announcement comes weeks after MoonPay closed its fourth acquisition of the year. MoonPay has acquired cross-chain routing and liquidity company Decent.xyz, Solana-based infrastructure trading platform DFlow, AI trading tool Dawn, and crypto key-management infrastructure firm Sodot this year.
Last year, MoonPay purchased Meso, Iron, and Helio. The Iron acquisition was worth at least $100 million, and the Helio deal was valued at $175 million, according to previous announcements.
FAQ
What did MoonPay acquire on Monday?
MoonPay acquired Entendre, an AI accounting startup that builds AI accounting agents to automate finance operation workflows for high-volume crypto and fintech businesses. The acquisition expands MoonPay's infrastructure into the financial operations layer.
How many acquisitions has MoonPay completed this year?
MoonPay has completed four acquisitions this year: Entendre, Decent.xyz, DFlow, Dawn, and Sodot. Last year, the company acquired Meso, Iron, and Helio.
Which companies are Entendre's existing clients?
Entendre's existing clients include Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero, according to the announcement.
