MoonPay has made a significant move in the financial technology space by acquiring Entendre, an innovative AI accounting and finance platform specifically designed for companies engaged in on-chain money management. This acquisition aims to enhance MoonPay’s existing payment solutions by introducing advanced auto-accounting tools, acknowledging the growing complexity of stablecoin transactions.
Entendre specializes in automating accounting workflows for businesses operating in the cryptocurrency domain. The platform employs AI agents to streamline back-office operations, significantly reducing the manual workload that often burdens finance teams in crypto-related ventures. According to MoonPay, their clients include notable firms such as Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero, all of which manage stablecoin payments involving wallets, swaps, bridges, and various currency rails.
Every stage of these transactions generates accounting records that are traditionally reconciled manually. While blockchains maintain a transparent record of funds’ movement, the nuances involved—such as gas fees, currency conversion costs, and invoice processing charges—remain undocumented, leading to complex manual data integration from spreadsheets and accounting platforms. Entendre’s technology addresses this inefficiency by transforming raw blockchain data into structured financial records, allowing clients to handle over 30 financial accounts and approximately 25,000 transactions monthly, often distributed across multiple legal entities.
The company claims that its solutions can reduce manual accounting tasks by more than 50%, automate 93% of journal entries, and enable finance teams to finalize accounts up to three times faster than traditional methods. Moreover, Entendre’s clientele has successfully navigated audits with major companies like Mastercard and Visa and collectively raised over $1 billion in venture capital within the past year.
MoonPay’s CEO, Ivan Soto-Wright, emphasized that this acquisition is part of a larger vision for what he calls “agentic finance,” where AI systems play a collaborative role alongside human operators. Soto-Wright stated, “Legacy software was built for manual workflows. The next financial system will be coordinated by humans and agents.” He underscored the need for finance operations to match the speed and context of transactions in a world where stablecoins are set to see vast business adoption.
This acquisition follows MoonPay’s strategic purchases over the past year, including the payment firm Meso, and the wallet security company Sodot. Additionally, the company has recently introduced the MoonAgents Desktop App, facilitating user interactions with blockchain systems for various functions, including trading and transaction tracking.
Recent surveys reflect a shift in perspective among CFOs regarding stablecoins, with nearly two-thirds believing they will gain significant importance in the coming years. In contrast, only a small fraction of CFOs view cryptocurrencies with the same optimism. Integration with established banking services was identified by 45% of CFOs as crucial for harnessing the potential of stablecoins in payment systems. Nonetheless, regulatory uncertainties persist as a primary concern, with many firms highlighting it as a significant barrier to the widespread adoption of stablecoins and cryptocurrencies.
