Stripe Acquires Crypto Wallet Infrastructure Provider Privy
Stripe completed an acquisition of Privy, a company specializing in crypto wallet infrastructure, in June 2025. Privy provides tools that enable companies to embed crypto wallet functionality into their applications, simplifying onboarding and key management for end users. Stripe, a dominant force in embedded payments and financial infrastructure, gains deeper capabilities in the crypto and Web3 space through this deal.
The acquisition aligns with Stripe's broader strategy of offering comprehensive financial infrastructure, having previously reintroduced crypto payment support. Financial terms of the deal were not publicly disclosed. The transaction was highlighted as one of the top five fintech M&A deals of June 2025.
This move positions Stripe to serve fintechs and platforms seeking to integrate crypto wallet experiences alongside traditional payment flows.
- Stripe deepens its embedded finance stack with crypto wallet infrastructure, potentially enabling platforms to offer both fiat and crypto services through a single provider.
- Signals growing convergence of traditional embedded payments and crypto infrastructure in the BaaS landscape.