Bits and dollars – Announcing Privy’s latest round of funding, led by Ribbit Capital.
Henri Stern
|Mar 19, 2025
Digital ownership and the financial systems that run the modern world are intersecting as they never have. Businesses that emerge from the early adoption of crypto rails will not only thrive but also redefine how value is created and exchanged globally. But this future hinges on one critical factor: making it easy for any developer to build seamless, secure experiences on crypto rails.
Privy provides the user onboarding and embedded wallet infrastructure that developers need to build better, safer products on crypto rails. With one API, you can spin up wallets, sign transactions, and integrate any onchain system so any user can safely buy, sell and hold tokenized assets in-app.
Today, we are proud to announce a new milestone: Privy’s latest round of funding led by Ribbit Capital, with participation from our existing investors at Sequoia Capital, Paradigm, BlueYard and Coinbase.
The Ribbit team knows financial disruption and we’ve had the pleasure of watching Micky, Nick, Zack and the entire team at work for years as they support some of the most innovative fintech companies in the world. Today we’re excited to officially partner with them. As they say: “It takes money to change money,” and here we are.
Our new round of funding brings the total Privy has raised to over $40M. This allows us to work even harder to serve our customers and close the gap so any developer can leverage crypto rails to build seamless experiences with digital assets.
Our progress
Over the last 2.5 years, Privy has led the charge to make crypto products usable for everyone, building a new wallet-enabled stack.
Privy lets teams provision powerful, secure wallets fully embedded in their products, so users get all the benefits of crypto without any of the complexity — no downloads, seed phrases, or gas accounting required. By making it easier for anyone to build with crypto, we widen how users create and exchange value online.
Over the last 2 years, we've supported the teams that have reimagined what can be built on crypto rails, serving 50M+ accounts across payments, DeFi, social, and gaming and securing billions through them.
Today, we serve hundreds of teams reimagining what can be built on crypto rail, across industry verticals from finance and trading to marketplaces and gaming – anything that touches online commerce. These teams are transforming their markets, from Hyperliquid for trading, to Farcaster for social, OpenSea for marketplaces, Blackbird for payments and many more.
Serving diverse customers forges best-in-class infrastructure, able to scale to millions of concurrent connections, secure billions in assets, and serve millisecond latency so developers can focus on their craft.
Thank you for the opportunity to build with you. We’re excited to keep serving you and your users.
Team Privy
