MoonPay Targets AI-Driven Finance Growth Through Entendre Acquisition Deal

MoonPay has acquired Entendre, an AI-powered accounting startup that automates financial operations for stablecoin and crypto-native businesses. The Entendre acquisition marks MoonPay’s third major deal in less than three months as the $3.4 billion fintech company pushes deeper into enterprise infrastructure for the digital asset economy.

Financial terms were not disclosed. The entire Entendre platform and team have joined MoonPay effective immediately, with founder Kareem Khattab taking the newly created role of Vice President of Applied AI. Existing Entendre customers will see no service disruption, with deeper MoonPay integrations planned over the coming quarters.

The acquisition extends MoonPay’s reach beyond payments and trading into the financial operations layer that sits behind every stablecoin transaction. Entendre builds AI agents that handle reconciliation, treasury management, journal entries and month-end close workflows for businesses managing high transaction volumes across multiple blockchains, fiat rails and accounting platforms.

The company’s client roster includes Polygon Labs, Thirdweb, Babylon Labs, Brale, Ostium, Courtyard and DoubleZero. According to the company, the average customer manages more than 30 financial accounts, processes roughly 25,000 transactions per month and operates across three or more legal entities. Entendre says those customers automate 93% of journal entries, cut manual finance work by more than half and close their books three times faster than with conventional systems.

“Legacy software was built for manual workflows,” said Ivan Soto-Wright, CEO and co-founder of MoonPay. “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.”

The deal addresses a structural gap in the stablecoin ecosystem. While blockchain infrastructure has made moving money globally faster and cheaper, the accounting that follows remains largely manual. A single stablecoin payment can traverse wallets, exchanges, bridges, gas fees and card networks before it reaches a company’s books. Each step creates a separate accounting event that traditional software was never designed to handle at speed. Entendre’s platform translates raw on-chain activity into structured accounting records, connecting directly to systems including NetSuite, QuickBooks and Xero.

Founded in 2022 by Khattab, who previously held product roles at Workday, WeWork and CloudKitchens, Entendre raised $4 million in seed funding led by Basis Set Ventures. MoonPay participated in that round as a strategic investor, making the Entendre acquisition less a cold approach than the conversion of an existing bet. The platform uses a model-agnostic AI approach, continuously evaluating different AI systems and assigning tasks to whichever performs best for a specific accounting function.

“Entendre’s goal has always been to give finance teams exceptional tools to track digital money and let AI agents work on their behalf,” Khattab said. “MoonPay is making commerce, treasury, trading and payments simpler for businesses around the world. We share that vision in the back office.”

The acquisition continues an aggressive consolidation strategy. In April, MoonPay acquired Israeli key management firm Sodot in an all-stock deal valued at approximately $100 million. That transaction formed the foundation of MoonPay Institutional, a new division serving financial institutions and asset managers, led by Caroline Pham, who previously served as acting chair of the Commodity Futures Trading Commission. In May, MoonPay acquired Dawn Labs and launched Dawn CLI, an AI trading agent. It also acquired cross-chain routing firm Decent.xyz and Solana-based infrastructure platform DFlow to build out MoonPay Trade, an institutional-grade API for on-chain execution, settlement and payments across more than 200 chains.

With the Entendre acquisition complete, MoonPay’s infrastructure stack spans payments, wallets, trading, custody technology, institutional key management and AI-powered financial operations. The company has more than 30 million customers across 180 countries and supports more than 500 enterprise clients, with regulatory approvals in the United States and MiCA authorisation in the EU.

The timing aligns with accelerating stablecoin adoption. Global stablecoin transaction volume reached a record $33 trillion in 2025, a 72% increase year on year. USDC accounted for $18.3 trillion of that volume, with Tether’s USDT recording $13.3 trillion. MoonPay’s own press materials cite Q1 2026 volumes exceeding $28 trillion, though that figure has not been independently verified. Yet for CFOs warming to stablecoins, operational complexity remains a barrier. Industry research suggests 23% of CFOs expect stablecoins to become at least somewhat important over the next three years, with 43% citing integration with existing finance systems as a key obstacle. Entendre targets that problem directly.

The company generated $150 million in revenue in 2021 and raised $555 million in a Series A round that same year. It has since expanded through a string of acquisitions, including stablecoin platform Iron and crypto checkout firm Helio in 2025. The Entendre acquisition signals a conviction that the next competitive battleground in digital finance is not payments infrastructure alone, but the automated back-office systems that make those payments auditable, reportable and compliant at scale.