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Fintech

MoonPay buys Glide in all-equity deal to widen crypto deposit reach

by TechDefused Newsroom
The image features wooden blocks arranged on a desk, prominently displaying the letters 'M & A' at the center, symbolizing mergers and acquisitions. Flanking the central blocks are icons representing companies and teamwork, underscoring the collaborative nature of business takeovers.

MoonPay has acquired Glide, a Y Combinator-backed startup whose technology lets businesses accept crypto deposits from any token, wallet, exchange or card.

The all-equity deal closed after talks that began late last year, and no cash price was disclosed.

Glide supports more than 100 tokens across 30 blockchains, processes over $100 million in annualised transaction volume and has served more than 50 business customers.

All four of its employees join MoonPay, the crypto payments company.

The startup was founded in 2023 by Tushar Soni and Qinyu Tong, both of whom previously worked on Robinhood's crypto wallet.

Its product will be folded into MoonPay Deposits.

"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," said Soni, Glide's co-founder and chief executive.

The reference to ramps means on-ramps and off-ramps, the plumbing that converts conventional money into cryptocurrency and back again.

Both companies ran the transaction in-house, using no external legal or financial advisers.

This is MoonPay's sixth announced acquisition of 2026, following Sodot, Decent, DFlow, Entendre and Dawn Labs.

That pace of dealmaking rests on a balance sheet built through a $555 million Series A round struck at a $3.4 billion valuation, alongside a $200 million revolving credit line from Galaxy.

by TechDefused Newsroom