MoonPay acquires Y Combinator-backed crypto deposits startup Glide in all-equity deal

MoonPay has acquired Glide, a startup that lets applications accept crypto deposits from any token, wallet, exchange or card, bringing the startup's technology and team into the company.

The transaction was an all-equity deal, Glide co-founder and CEO Tushar Soni told The Block, declining to disclose the size of the deal. The companies began discussing the acquisition late last year, and the transaction has now closed, Soni said.

Glide was founded in 2023 by Soni and Qinyu Tong, who previously worked together on the team that built Robinhood's crypto wallet. MoonPay said Glide is backed by Y Combinator, Titan Fund and other investors, though Soni declined to disclose how much Glide has raised to date. Glide has four employees, including the two co-founders, and all are joining MoonPay, Soni said.

Glide developed technology that lets apps accept crypto deposits without requiring users to manually bridge or swap assets across blockchains, helping reduce onboarding friction. MoonPay said Glide supports deposits and payments across more than 100 tokens and 30 blockchain networks and processes more than $100 million in annualized transaction volume. The company said its routing technology automatically chooses the fastest and lowest-cost way to move funds across blockchains. Deposits are handled through self-custodial smart contracts that allow users to keep control of their assets while making transactions verifiable onchain.

MoonPay said Glide's technology will be integrated into MoonPay Deposits, the company's existing product used by apps including Wallet in Telegram, Moonshot and Paysafe.

"We built Glide so users could fund their wallets quickly with the tokens they already have and for apps to streamline their onboarding," Soni said. "Joining MoonPay lets us combine our deposits product with everything else that MoonPay has to offer like ramps, virtual accounts, and swaps, and bring that to the largest apps in the world."

Glide served more than 50 business customers, and those customers will now be served by MoonPay, Soni told The Block, declining to identify any customers by name.

MoonPay and Glide handled corporate development for the transaction in-house without external legal or financial advisors, Soni said.

The acquisition marks MoonPay's sixth acquisition announcement of 2026, following Sodot (key management, forming the basis of MoonPay Institutional), Decent and DFlow (which became MoonPay Trade), Entendre (AI accounting agents), and Dawn Labs (AI-native trading infrastructure). MoonPay's other acquisitions to date include Nightshift (renamed Otherlife), Helio (renamed MoonPay Commerce), Iron (stablecoin infrastructure), and Meso (bank-to-crypto payments).

MoonPay is backed by investors and celebrities including Tiger Global Management, Coatue, Justin Bieber, and Paris Hilton. The company raised a $555 million Series A equity round in 2021 at a $3.4 billion valuation. Last year, MoonPay also secured a $200 million revolving credit line from Galaxy, saying it ended 2024 cash-flow positive and profitable after achieving 112% year-over-year net revenue growth.

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