Privy Raises $15 Million Led by Ribbit Capital, Supported by Sequoia and Coinbase, Expanding to 50 Million Accounts

Privy, a crypto wallet infrastructure provider, has successfully raised $15 million in a funding round led by Ribbit Capital. The funding round also saw participation from notable investors including Sequoia, Paradigm, and Coinbase.

Privy aims to simplify crypto onboarding through developer libraries for Web3 applications, focusing on wallet management and flow handling. Over the past 1.5 years, Privy has experienced substantial growth, expanding its user base from 1 million to 50 million accounts and increasing its customer count from 40 to 800, while securing billions in assets. The company expressed gratitude to its users and customers for their support in enabling broader access to crypto services.

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