MoonPay expands into back-office financial operations with AI accounting startup Entendre acquisition

MoonPay, which built a reputation as a crypto-to-fiat and vice versa gateway, has continued its acquisition streak with Entendre, a back-office AI accounting startup, according to an announcement on Monday.

The acquisition will help expand "MoonPay's infrastructure into the financial operations layer." Entendre builds AI accounting agents that automate finance operation workflows, like reconciliations, treasury management, month-end close, journal entries, and related tasks for high-volume crypto and fintech businesses.

"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 move comes just weeks after MoonPay’s announcement that it had closed its fourth acquisition of the year so far.

MoonPay also recently launched MoonPay Trade, an institutional-grade unified API for onchain execution, settlement, conversion, and payments across over 200 chains and protocols, which will be overseen by MoonPay Chief Legal Officer and CEO of MoonPay Institutional Caroline Pham, who previously served as acting CFTC chair.

According to the announcement, Entendre already counts Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero as clients. The entire Entendre platform and team will join MoonPay immediately, and "existing customers will see no disruption."

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 so far this year. Last year, the firm also purchased Meso, Iron, and Helio.