Privy

About

Privy is a next-generation Web3 authentication and embedded wallet infrastructure platform that simplifies onboarding for Bitcoin apps, banking platforms, and decentralized applications (dApps). It integrates wallet generation, key management, and user registration into a single safe, customizable API. Privy enables teams to build whitelabel wallets, sign transactions, and automate on-chain actions without adding complexity. It provides a safe and scalable wallet architecture for current on-chain applications. Users can sign in with email, phone, social accounts, or cryptocurrency wallets, and the site will automatically generate safe integrated wallets in the background. Key Features of Privy: • Flexible user onboarding system with email, SMS, social login, passkeys, or wallets. • Swaps, bridges, gas sponsorship, fiat-to-crypto rails, and automated on-chain activities all have programmable integrations. • SDKs that are easy for developers to use include React, Expo, Swift, Android, Unity, and customisable white-label components. • Secure hardware-isolated TEEs with key sharding to protect wallet keys and reconstruct them only in secure environments. Privy Milestones: Year Achievements 2021 Foundation Henri Stern and Asta Li started the company to fix Web3 onboarding friction. The goal was simple: make it easier for users to get into Web3 without confusion or extra steps. 2024 Mainstream Scale The platform crossed 10M+ accounts. Focus shifted toward MPC security and building stronger fiat-to-crypto rails to support wider usage and safer access. 2025 Stripe Acquisition It raised $15M in Series A in March and was later acquired by Stripe in June. By this stage, it had grown to 75M+ accounts.

Team (1)

• Henri SternLeads company strategy, product vision, wallet infrastructure expansion, and enterprise partnerships

Funding

• Venture RoundRibbit Capital1,50,00,00019 Mar 2025
• Series AParadigm1,80,00,00021 Nov 2023
• Seed RoundSequoia Capital83,00,00020 Apr 2022

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