Privy, a firm focused on API solutions for crypto integration, has completed a funding round raising over $40 million with the support of Ribbit Capital and other investors.
Privy Funding
Ribbit Capital led the new funding round for Privy, with continued support from Sequoia Capital, Paradigm, BlueYard, and Coinbase. The fresh investment brings Privy's total funding to over $40 million.
Privy's Technology and Achievements
Privy provides API-based infrastructure for user onboarding and embedded wallets, enabling developers to create seamless experiences on blockchain rails. The company powers over 50 million accounts across payments, DeFi, social, and gaming, offering solutions that eliminate complexities like downloads, seed phrases, and gas fees.
Company's Future
With the new investment, Privy aims to scale its infrastructure, improve security, and enhance real-time transaction capabilities. The company serves a growing customer base, including Hyperliquid for trading, Farcaster for social, OpenSea for marketplaces, and Blackbird for payments. The funding reflects a broader trend of expanding financial applications on blockchain platforms.
Privy’s latest funding underscores the company's mission to make crypto transactions more accessible for both developers and users, solidifying its position in the burgeoning fintech market.
