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Stripe, the global payments technology company, has agreed to acquire Privy, a crypto wallet infrastructure startup, in a move that strengthens its ambitions in digital assets and Web3 integration. The financial terms of the transaction have not been disclosed, though Privy was last valued at $230 million in March 2025.
Founded in 2021, Privy enables companies to integrate crypto wallets directly into their platforms, removing the need for external wallet setups and reducing friction for new crypto users. The firm’s technology is already used by clients such as NFT marketplace OpenSea, restaurant loyalty platform Blackbird, and HR platform Toku.
Privy has reported powering over 75 million accounts across more than 1,000 developer teams, orchestrating billions in transactions. The company has raised over $40 million from investors including Paradigm, Coinbase, Sequoia Capital, and Ribbit Capital.
“Wallets were powerful but inaccessible for all but the most technical,” said Henri Stern, CEO of Privy. “Developers had to send users off-platform to get started, breaking flows and killing user conversion.”
Stripe’s acquisition of Privy follows its $1.1 billion purchase of stablecoin platform Bridge earlier this year, as the company accelerates its return to crypto after a six-year hiatus. Stripe recently launched stablecoin-funded accounts, allowing businesses to hold and move funds abroad using tokens like USDC.
Patrick Collison, CEO of Stripe
“Money has to reside somewhere, and Privy builds the world’s best programmable vaults. Alongside our other stablecoin work, we’re looking forward to enabling a new generation of global, internet-native financial services,” said Patrick Collison, CEO of Stripe, in a post on X.
Asta Li and Henri Stern, co-founders of Privy
Privy will continue to operate as an independent product under Stripe, similar to Bridge. In a joint blog post, Asta Li and Henri Stern, co-founders of Privy, wrote: “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.”
Industry observers have noted the significance of the deal. “Stripe’s move to acquire Privy is a clear signal that mainstream fintechs are serious about lowering barriers for crypto adoption,” commented one analyst on social media.
The acquisition is expected to close in the coming weeks, with Privy’s embedded wallet infrastructure set to be integrated into Stripe’s suite of crypto tools. Stripe’s broader strategy includes supporting both fiat and crypto rails, aiming to make the distinction between the two “almost meaningless,” according to the Privy founders.
