Stripe, the global fintech leader, has acquired Privy, a provider of embedded wallet technology for blockchain applications, in a move to strengthen its offerings for developers building Web3 services. The terms of the acquisition were not disclosed.
Privy, founded in 2021 by former Protocol Labs research scientist Henri Stern and ex-Aurora software engineer Asta Li, specializes in tools that allow developers to integrate seamless crypto wallet experiences into mainstream applications. The company’s API enables secure wallet creation, transaction signing, and integration with blockchain systems, powering over 75 million accounts across 1,000+ developer teams, including Hyperliquid, Blackbird, Toku, and Farcaster.
The acquisition follows Privy’s $15 million funding round led by Ribbit Capital in March of this year. The company had previously raised $18 million in a 2023 Series A round led by Paradigm and $8.3 million in a 2022 seed round led by Sequoia Capital and BlueYard.
Privy will continue to operate as an independent product under Stripe, with the goal to merge crypto and fiat systems.
1/ Today, we're proud to announce that Stripe is acquiring Privy.
We couldn’t be more excited.
Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users.
— #Privy (#@privy_io)
3:05 PM • Jun 11, 2025
The acquisition signals Stripe’s deeper push into Web3, aligning with its mission to simplify online financial infrastructure. Privy’s technology, which has enabled companies like Blackbird to offer crypto wallets via phone number sign-ups and Farcaster to build decentralized social platforms, will now benefit from Stripe’s global reach and engineering resources.
Privy is actively hiring to support its expanded ambitions, signaling a continued focus on serving its developer community.
