MoonPay Acquires Entendre to Expand Into AI Accounting Infrastructure

MoonPay has acquired Entendre, an AI accounting startup that automates financial operations for crypto firms. The deal moves MoonPay beyond its core payments business into the infrastructure layer that supports institutional trading.

Entendre's platform handles reconciliation and treasury management. It also generates reports for compliance and audit. MoonPay said it will integrate the software into MoonPay Trade and its institutional services.

The acquisition comes as crypto firms face growing pressure to professionalize their back offices. Manual reconciliation is slow and error prone. Automated tools reduce settlement risk and speed up reporting. MoonPay's move mirrors a broader trend: payments companies are adding software layers to lock in institutional clients.

MoonPay started as a fiat-to-crypto on-ramp. It has since added MoonPay Trade, a platform for large block trades, and expanded into custody and compliance. The Entendre deal adds an accounting layer that ties those services together.

Crypto accounting has become a crowded field as firms seek to replace spreadsheets with automated tools. Entendre's focus on AI-driven automation sets it apart. The startup's technology uses machine learning to match transactions across exchanges, wallets, and custodians. That cuts down on manual work and reduces errors.

For MoonPay, the acquisition fills a gap in its product stack. Clients using MoonPay Trade can now access automated reconciliation without switching vendors. MoonPay said the integration will let clients manage trades and accounting from a single platform.

The deal is the latest in a series of infrastructure acquisitions by crypto payments firms. Payments companies are increasingly buying software startups to offer end-to-end services. The Entendre deal fits that pattern.

The financial terms were not disclosed. The deal closed this month.