MoonPay acquires AI accounting startup Entendre to automate stablecoin finance operations

MoonPay has acquired Entendre, an AI accounting and finance platform created for companies that administer and transfer money on-chain.

The acquisition deal brings auto-accounting tools to MoonPay’s existing payment system, according to an X article published by MoonPay. This is done to address the fact that stablecoin businesses are becoming common yet complicated.

Entendre automates crypto accounting workflows

Entendre makes AI agents that carry out back-office tasks in the background for crypto-based businesses.

MoonPay’s statement says that Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero are some of its clients. These companies handle stablecoin payments going through wallets, swaps, bridges, and currency rails.

At each step, these payments create accounting records that are usually balanced manually by finance teams.

Blockchains document the movement of funds, however, they do not provide an explanation. A stablecoin payment may incur gas fees, currency conversion fees, invoice processing fees, or card network fees. Accountants must manually combine data from spreadsheets, block explorers, and other accounting platforms to generate precise accounts in the absence of automation.

Entendre takes raw data from blockchain networks and turns it into organized financial records. Clients of Entendre manage 30+ financial accounts and handle about 25,000 transactions every month, which are often split between three or more legal companies.

The startup claims to reduce manual accounting work by over half, automates 93% of journal entries, and enables teams to conclude their accounts three times quicker than conventional methods.

Entendre’s customers have passed audits with Mastercard and Visa, and collectively raised more than $1 billion in venture capital over the past year, as Cryptopolitan has previously reported.

MoonPay CEO Ivan Soto-Wright framed the acquisition as part of a broader change toward what the company calls “agentic finance,” in which AI systems coordinate financial tasks alongside human operators.

“Legacy software was built for manual workflows. The next financial system will be coordinated by humans and agents,” Soto-Wright said in the company’s announcement. He added that if stablecoins are going to see widespread business adoption, “finance operations need the same speed, context and automation as the payments themselves.”

MoonPay purchased payment firm Meso last year and hired its co-founders Ali Aghareza and Ben Mills. More recently, the company acquired wallet security firm Sodot, along with Decent and DFlow, both picked up in May.

MoonPay also recently launched MoonAgents Desktop App, a tool that lets users interact with blockchain systems through text commands for tasks like trading, wallet funding, and transaction tracking.

CFOs slowly warming to stablecoins

Almost two-thirds of CFOs (23%) think stablecoins will become somewhat or very important in the next three years, and 15% think they will become very or extremely important. Only 10% of people say the same thing about cryptocurrencies in general.

Integration with well known banking providers was named by 45% of CFOs as the most important thing that would make stablecoins useful in payment flows. Uncertainty about regulations is still the biggest problem, flagged by 67% of firms for stablecoins and 77% for cryptocurrencies.