MoonPay acquired Entendre, an AI-enabled finance operations platform for digital asset companies. The acquisition expands MoonPay's infrastructure stack beyond payments, wallets, and trading into the finance operations layer that sits behind onchain transactions. The deal addresses operational challenges businesses face managing large volumes of blockchain-based transactions as stablecoins move deeper into mainstream financial infrastructure. While much of the industry's attention remains focused on payments and trading, the back-office systems required to account for digital assets have emerged as a growing bottleneck. MoonPay said Entendre's technology will help automate reconciliation, treasury management, journal entry creation, exception handling, and close processes that finance teams currently perform manually.
MoonPay Expands Infrastructure Through Strategic Acquisitions
The acquisition is the latest step in MoonPay's effort to build a broader infrastructure business serving companies that operate with digital assets. Founded as a crypto on-ramp and payments provider, MoonPay has steadily expanded beyond consumer crypto purchases into institutional services, trading infrastructure, custody technology, and enterprise solutions.
Earlier this year, the company acquired Sodot, a digital asset key management provider whose technology has reportedly secured more than $50 billion in transactions and protected over 10 million wallets. More recently, MoonPay announced MoonPay Trade following the acquisitions of Decent and DFlow, extending its capabilities into trade execution and tokenization infrastructure. The Entendre acquisition adds another layer to that strategy.
Ivan Soto-Wright, CEO and co-founder of MoonPay, commented, "Legacy software was built for manual workflows. The next financial system will be coordinated by humans and agents. 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."
Stablecoin Adoption Creates Back-Office Complexity for Businesses
Stablecoins have become one of the fastest-growing segments of digital finance. According to industry estimates, stablecoin transaction volumes exceeded several trillion dollars during 2025, with growing use across payments, treasury management, remittances, and settlement. Large financial institutions, payment providers, and fintech companies have increasingly adopted stablecoin infrastructure as regulatory frameworks become clearer.
Yet while transferring value on blockchain networks has become easier, recording and accounting for those transactions remains complicated. A single stablecoin transaction may involve multiple wallets, exchanges, counterparties, legal entities, accounting treatments, compliance checks, and reporting requirements. Blockchain records show that value moved between addresses, but they do not automatically explain who initiated the transaction, why it occurred, which business unit was responsible, how it should be classified for accounting purposes, or how it should be reflected in financial statements. That gap has created a new category of infrastructure providers focused on blockchain accounting and finance automation.
Entendre Automates Accounting for Digital Asset Companies
Entendre's customer base includes Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero. According to MoonPay, companies using the platform typically manage more than 30 financial accounts, process roughly 25,000 transactions per month, and operate across at least three legal entities.
The company said customers automate approximately 93% of journal entries, reduce manual work by more than half, and complete financial close processes three times faster than before implementation. The figures illustrate why finance operations have become an increasingly important segment within digital assets. Many crypto firms grew rapidly during previous market cycles and built accounting processes around spreadsheets, exports from block explorers, and manual reconciliation. As transaction volumes increased, those approaches became difficult to scale.
Kareem Khattab, founder of Entendre, commented, "Entendre's goal has always been to give finance teams exceptional tools to track digital money and let AI agents work on their behalf. MoonPay is making commerce, treasury, trading, and payments simpler for businesses around the world. We share that vision in the back office, helping companies manage their business with the same speed, clarity, and scale."
AI Agents Perform Financial Tasks in Agentic Finance Systems
The acquisition highlights a growing industry focus on what many technology firms describe as "agentic finance." Rather than requiring humans to manually classify transactions, reconcile accounts, investigate discrepancies, and prepare reports, AI systems increasingly perform those tasks automatically while escalating exceptions for human review.
Financial institutions, fintech firms, and trading companies are investing heavily in these capabilities. The opportunity is substantial because back-office costs often rise alongside transaction growth. Automating operational tasks can improve margins without increasing client acquisition costs. That dynamic is particularly relevant for digital asset businesses, where transaction volumes can expand dramatically during bull markets.
MoonPay Operates Across Multiple Digital Asset Infrastructure Layers
The acquisition provides another indication of how MoonPay views its long-term position within digital finance. Rather than remaining solely a payments company, MoonPay appears to be assembling infrastructure that spans multiple layers of the digital asset ecosystem. The company now operates across payments, wallet infrastructure, key management, trading technology, tokenization infrastructure, and finance operations.
That approach mirrors developments elsewhere in financial services. Infrastructure providers increasingly seek to own larger portions of client workflows because integrated ecosystems can generate recurring revenue, increase switching costs, and create additional opportunities for cross-selling. MoonPay's strategy follows a similar path. Each acquisition extends the company's role in the movement, custody, trading, or management of digital assets.
FAQ
What did MoonPay acquire and why?
MoonPay acquired Entendre, an AI-enabled finance operations platform used by digital asset companies to automate accounting, reconciliation, treasury, and financial reporting workflows. The acquisition expands MoonPay's infrastructure stack into the finance operations layer that sits behind onchain transactions, addressing operational challenges businesses face managing large volumes of blockchain-based transactions.
What results do Entendre customers achieve?
According to MoonPay, companies using Entendre typically manage more than 30 financial accounts, process roughly 25,000 transactions per month, and operate across at least three legal entities. Customers automate approximately 93% of journal entries, reduce manual work by more than half, and complete financial close processes three times faster than before implementation.
Which companies use Entendre's platform?
Entendre's customer base includes Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero.
