Stripe Acquires Privy to Power Seamless Crypto Wallet Integration
Hey FinTech Fanatic!
Stripe is doubling down on crypto. The payments giant has agreed to acquire Privy, a wallet infrastructure startup that helps platforms like OpenSea, Blackbird, and Toku embed crypto wallets directly into user experiences, thereby eliminating friction and boosting conversions.
“Developers had to send users off-platform to get started... that friction fundamentally constrained what could be built,” said Henri Stern, Privy’s CEO and co-founder.
Privy simplifies wallet creation behind the scenes, allowing users to purchase NFTs or engage with crypto services without the need to jump through hoops, such as installing MetaMask or linking third-party wallets.
The deal, following Stripe’s recent $1.1B acquisition of stablecoin infra firm Bridge, positions Stripe to offer a unified platform that connects:
- Privy’s wallet layer
- Bridge’s stablecoin rails
- Stripe’s global money movement tools
“We’re enormously excited to enable a new generation of global, Internet-native financial services,” said Patrick Collison, Stripe’s CEO.
Founded in 2021 and last valued at $230 million, Privy will continue to operate independently. The move underscores Stripe’s intention to become the go-to partner for businesses building next-generation crypto and stablecoin products, as major banks and tech firms deepen their involvement in Web3.
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INSIGHTS
💰 The 100 largest issuers of general-purpose credit, debit, and prepaid cards generated $8.792 trillion in purchase volume in 2024 🤯
💰 India emerged as a global WealthTech market leader with a third of the top 10 deals in Q1 2025.
FINTECH NEWS
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🇪🇸 Banco Santander launches Instant Euro Transfers via Bizum in Spain. According to the bank, customers will be able to receive money "by simply selecting a contact from their address book and with the same level of security and trust that Bizum currently offers between Spanish bank accounts."
PAYMENTS NEWS
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DIGITAL BANKING NEWS
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BLOCKCHAIN/CRYPTO NEWS
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PARTNERSHIPS
🇬🇧 Webull UK partners with Upvest to offer UK stocks and ETFs. Through this strategic partnership, users will be able to access fractional trading in UK stocks and ETFs for the first time via Upvest’s cutting-edge Investment API. This expansion empowers UK-based retail investors to begin their investment journey with Webull.
🇮🇳 Uruguay-based dLocal partners with India's Juspay to strengthen cross-border payment capabilities. The partnership will strengthen the synergy between the two companies, offering customers access to dLocal's over 900 local and alternative payment methods (APMs) and the broad benefits of Juspay's payment ecosystem in fast-growing markets.
🇸🇪 Mambu and Avenga power Marginalen Bank’s core banking transformation with successful cloud migration. Bo Andersson, CIO at Marginalen Bank, stated that the collaboration with Mambu and long-term technology partner Avenga has been seamless, enabling the bank to migrate to the cloud and modernize its consumer and business deposit offerings.
🇺🇸 Investment giant Guggenheim taps Ripple to expand digital debt offering. Under the partnership, Guggenheim’s subsidiary, Guggenheim Treasury Services, will make its US Treasury-backed fixed-income assets available on the XRP Ledger. Ripple will invest $10 million in the asset as part of the collaboration.
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🇸🇬 Whalet joins forces with TerraPay to empower SMEs with seamless global payouts. This collaboration is designed to empower Whalet's core customers-cross-border sellers from the Asia-Pacific region-by simplifying international financial transactions and boosting payment efficiency.
🇬🇧 Froda and Mimo launch integrated SME lending in the UK. This collaboration is designed to address one of the most persistent challenges faced by UK SMEs, namely, access to timely and practical financing. Keep reading
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DONEDEAL FUNDING NEWS
🇦🇺 Blockchain FinTech CloudTech raises $14 million Series A, mostly in crypto. The raise for CloudTech will fund the rollout of an institutional-grade custody solution for digital assets, as well as the expansion of a broader crypto-native financial ecosystem. The funding came from several undisclosed investors.
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M&A
🇬🇧 Argentex shareholders approve acquisition by IFX Payments. The acquisition remains subject to receiving the regulatory approval from the FCA, DFSA, and Dutch Central Bank, the Court sanctioning the Scheme at the Court Sanction Hearing, and the delivery of a copy of the Scheme Court Order to the Registrar of Companies and the Scheme thereby becoming effective.
🇺🇸 Payment Company Stripe to acquire crypto wallet provider Privy. The Privy news follows Stripe’s $1.1 billion acquisition of Bridge, a deal which accelerated an already growing wave of enthusiasm surrounding stablecoin. Continue reading
🇨🇦 European FinTech Paynt acquires Canada-based E-xact transactions to accelerate North American Expansion. The acquisition of E-xact, which processes over CAD 3.5 billion annually across more than 50 million transactions, will add a new operational hub in Vancouver, Canada.
MOVERS AND SHAKERS
🇺🇸 Corpay appoints Peter Walker as new CFO. Ron Clarke, Chairman and CEO of Corpay, expressed enthusiasm about Peter joining the company, stating that his blend of experience in both public and entrepreneurial CFO roles positions him to make an immediate impact.
🇬🇧 NatWest appoints Dr Maja Pantic as the Bank’s First Chief AI Research Officer. Maja brings deep AI research expertise and is currently serving as Professor of Affective & Behavioural Computing at Imperial College London, having previously been Founding Research Director of Samsung AI Research Centre in Cambridge.
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