Privy Revenue Grows Ninefold Since Joining Stripe as Wallet Assets Climb 25-Fold

Stripe co-founder Patrick Collison said Oct. 15 that Privy's revenue has grown about ninefold since it joined Stripe more than a year ago, while wallet assets increased 25-fold, marking growth in Stripe's wallet business.

Privy facilitates nearly $25 billion in transactions each month, and the number of monthly active developers has roughly tripled over the same period.

Ramp, Deel, Klarna and Hyperliquid are building embedded banking features with Privy. Stripe is integrating the wallet infrastructure into Treasury, Link and Connect to support global expansion and product development. The company also plans to add a balance feature to Link.

Stripe and Privy are developing a unified API designed to support holding stablecoin balances and earning yield, moving fiat funds in and out, and spending through bank cards.

Privy's wallet infrastructure also supports AI agents that transact and earn revenue. Merit Systems and Nevermined are among the applications using it. Collison said integration between Privy, Bridge and Stripe's other businesses still has substantial work ahead.