Crypto payments company MoonPay has acquired Entendre, which makes artificial intelligence (AI) accounting agents for stablecoin firms.
The purchase “extends MoonPay’s infrastructure into the financial operations layer,” the company said in a Monday (June 22) news release, adding artificial intelligence (AI) agents to the reconciliation, treasury and close workflows behind transactions.
“Legacy software was built for manual workflows. The next financial system will be coordinated by humans and agents,” 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.”
According to the release, Entendre automates the “full finance operations workflow” for “high-volume, multi-entity, multi-currency businesses that include Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard and DoubleZero. The companies use it to deploy agents that automate accounting duties.
“Stablecoins make any business global from day one. A single product can land payments from customers in dozens of countries, across rails and currencies, before the team has hired its first controller,” the release added. “Finance teams are left wrangling messy exports, broken reports and disconnected systems across blockchain explorers, FinTech dashboards and accounting platforms. Entendre closes that gap with self-improving agents.”
The acquisition follows MoonPay’s purchase of payment firm Meso last year, while also hiring Meso’s Co-Founders Ali Aghareza and Ben Mills.
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This latest deal comes as CFOs are embracing stablecoins, though with some caveats, as recent PYMNTS Intelligence research found.
The data shows that 23% of CFOs expect stablecoins to become at least somewhat important over the next three years, including 15% who say they will become very or extremely important.
“By comparison, only 10% say cryptocurrencies will become at least somewhat important. Forty-five percent of CFOs say integration with major banking providers would make stablecoins more meaningful as part of payment flows,” PYMNTS wrote last week. “That is the strongest factor cited for stablecoins and suggests that firms may be more comfortable when digital assets move through institutions they already use.”
The research also addresses why CFOs are feeling cautious. Regulatory or compliance uncertainty is the chief barrier, mentioned by 67% of firms for stablecoins and 77% for cryptocurrencies. Another worry is integration with existing financial systems, cited by 43% for stablecoins and 40% for cryptocurrencies.
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