Stripe CEO Patrick Collison shared an update on X marking one year since Stripe acquired Privy, outlining how the business has performed over the past 12 months. According to Collison, assets held in wallets managed by Privy increased by about 25x during the period, while monthly active developers grew by roughly 3x and revenue rose by about 9x.
He also said Privy is now handling nearly $25 billion in transaction volume each month. Collison named Ramp, Deel, Klarna, Felix and Hyperliquid among the companies using Privy to build embedded banking features, adding that thousands of other businesses are doing the same.
Inside Stripe, Privy is being integrated more deeply into products including Treasury, Link and Connect, according to the post. The update offers a snapshot of Stripe’s progress with Privy one year after the acquisition.
Stripe CEO Patrick Collison said in a post on X that one year after Stripe acquired Privy, the company has posted sharp growth across several operating metrics.
Collison said the Privy team had delivered strongly over the past year. Assets under custody in its wallets rose by about 25x, monthly active developers increased by about 3x, and revenue grew by about 9x.
He added that Privy is now processing nearly $25 billion in transaction volume each month.
According to Collison, Ramp, Deel, Klarna, Felix, Hyperliquid, and thousands of other businesses are building embedded banking features on top of Privy.
Within Stripe, Privy is also being integrated more deeply into products including Treasury, Link, and Connect.
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