Payments firm Stripe has reached an agreement to acquire the crypto wallet infrastructure startup Privy, marking a significant step in its renewed focus on cryptocurrency following a six-year break.
The financial terms of the deal were not disclosed.
This acquisition follows Stripe’s recent $1.1bn purchase of stablecoin platform Bridge, furthering its strategic expansion into the digital currency sector.
Privy, founded slightly over three years ago, has developed a single API solution that facilitates developers in creating products using crypto technology. This infrastructure allows clients to establish wallets, conduct transactions, and integrate any on-chain systems seamlessly, thereby eliminating the need for external wallets.
The company claims to support over 75 million accounts across more than 1,000 developer teams, handling billions in transactions for clients such as trading platform Hyperliquid and restaurant app Blackbird.
Upon completion of the acquisition, which is subject to customary closing conditions expected to conclude in upcoming weeks, Privy will continue to function independently under the Stripe umbrella.
Privy founders Henri Stern and Asta Li said: “Joining Stripe will accelerate our work to shape this future and provide powerful new capabilities to Stripe and Privy customers alike. Together, we can change how value moves through the Internet.”
The acquisition is seen as a boost for both companies. It is anticipated that Privy’s technology will be leveraged by Stripe to integrate new capabilities for its customers, enhancing user experience and potentially driving further adoption of digital assets.
In April 2025, Bridge entered into a partnership with Visa to launch a new card-issuing product linked to stablecoins. Through this partnership with Lead Bank as a financial institution partner, fintech developers can offer stablecoin-linked Visa cards globally through a single API integration.
