Exclusive: MoonPay buys Entendre to add AI accounting
Illustration: Brendan Lynch/Axios
MoonPay acquired Entendre, an AI accounting startup for companies using stablecoins and other digital assets, CEO Ivan Soto-Wright tells Axios exclusively.
What's next: MoonPay plans to continue its hunt for acquisitions.
- "This won't be the last M&A that we do," Soto-Wright says.
- He says MoonPay also expects to announce additional regulatory licenses before the end of the year.
Context: MoonPay has been expanding from consumer crypto ramps into business and institutional infrastructure through strategic M&A.
- The company acquired Helio in 2025 to add crypto commerce infrastructure, and Iron to add stablecoin treasury and global payment tools.
- Soto-Wright says MoonPay now organizes the business around four areas: funding, tokenization, trading and spending.
- Entendre adds a back-office layer to that stack, aimed at companies that need to plug stablecoin and digital asset activity into traditional finance workflows.
Between the lines: MoonPay is betting on entrepreneurs as acquisition targets.
- Soto-Wright says MoonPay now has about a dozen former CEOs and CTOs inside the company.
- "Our future is a company that is built by agents and supported by humans," he says.
How it works: Entendre uses AI agents to reconcile digital asset transaction flows against accounting systems and general ledgers.
- "If the payment is instant, but reconciliation takes a week, we haven't really solved the problem," Soto-Wright says.
State of play: Entendre's customers include Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard and DoubleZero.
- Customers on the platform manage more than 30 financial accounts, process 25,000 transactions per month and operate across three or more legal entities on average, according to the company.
The big picture: Companies need to reconcile stablecoin transactions and close their books within traditional accounting systems.
Zoom in: Terms were not disclosed, but Soto-Wright says the transaction involved a mix of cash and stock.
- Entendre's team of fewer than 10 employees will join MoonPay, and founder Kareem Khattab will become MoonPay's VP of applied AI.
- Prior to the acquisition, Entendre had raised one round of financing, a $4 million seed round led by Basis Set Ventures, with participation from Valhalla Ventures, Caffeinated Capital, MoonPay and others.
