MoonPay announced the acquisition of AI-based crypto accounting platform Entendre for automated stablecoin operations

Crypto payments company MoonPay has acquired Entendre, an artificial intelligence-driven accounting and finance platform tailored for firms managing and transferring funds on-chain. According to a statement shared by the company on X, the agreement aims to integrate automated accounting tools into MoonPay’s existing payments infrastructure. The move is positioned as a direct response to the increasing popularity—and operational complexity—of stablecoin usage. Focus on automation in the acquisition Entendre develops AI agents to handle back-office processes for crypto-centric companies. Its platform converts raw blockchain data into organized financial records, streamlining tasks that are often manual and time-consuming. MoonPay highlighted that Entendre counts Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero among its client base. These firms operate wallets, conduct swaps, bridge assets, and manage various payment channels with stablecoin transactions. Each stage of these activities generates separate accounting records, which are still largely reconciled manually by finance teams. While blockchains record fund movements, they don’t directly indicate the accounting significance of each transaction. For example, a stablecoin payment may involve network fees, currency conversion costs, invoice processing charges, or card network commissions. In the absence of automation, accounting staff must bring together data from spreadsheets, block explorers, and different software solutions to manually finalize their accounts. Mini glossary: An AI agent is a software system capable of performing specific tasks with minimal or no human intervention. In finance, these tools help automate repetitive jobs such as data sorting, record creation, and transaction tracking. Key metrics highlighted by Entendre Entendre’s clients reportedly manage over 30 financial accounts and process around 25,000 transactions monthly, with the majority involving three or more corporate entities per transaction. The company claims to have reduced manual accounting workloads by more than half, automated 93% of journal entries, and enabled finance teams to close their books three times faster than with traditional methods. MoonPay CEO Ivan Soto-Wright emphasized that traditional software is built for manual workflows, while the new financial system will emerge as a collaborative environment between people and AI agents. Soto-Wright stressed that for stablecoins to become widely adopted in the business world, finance operations need to match the speed, context, and automation levels of payment systems. MoonPay continues its acquisition spree Last year, MoonPay acquired payments firm Meso and brought its co-founders, Ali Aghareza and Ben Mills, onto the team. More recently, the company added wallet security startup Sodot, as well as Decent and DFlow to its portfolio in May. MoonPay also launched the MoonAgents Desktop App, which enables crypto purchases, wallet funding, and transaction tracking through text-based commands. Founded in 2019, MoonPay is recognized for providing payment infrastructure that allows users to buy and sell crypto assets with fiat currency.