Stripe co-founder Patrick Collison said Privy has expanded sharply since joining Stripe more than a year ago, with assets held in its wallets rising by about 25x, monthly active developers increasing by roughly 3x, and revenue growing around 9x. He said the platform is now facilitating nearly $25 billion in transactions each month. Collison also said companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking functions on top of Privy. Stripe is folding Privy more deeply into Treasury, Link, and Connect as it pushes global expansion and develops new features, including a planned Link balance feature. In parallel, Privy’s wallet infrastructure is already being used by AI agents to transact and earn revenue, with Merit Systems and Nevermined cited as examples. Collison said Stripe and Privy are building a unified API that will support stablecoin balances with yield, fiat on- and off-ramps, and card-based spending, while adding that significant integration work across Privy, Bridge, and other Stripe businesses still remains.
Stripe co-founder Patrick Collison said Privy has scaled quickly since joining Stripe more than a year ago. In a post, Collison said assets held in Privy wallets have grown to about 25 times their previous level, monthly active developers have increased by roughly 3 times, and revenue has risen around 9 times. He added that Privy is now facilitating nearly $25 billion in transactions each month.
According to Collison, companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking functions on top of Privy. Stripe is also integrating Privy more deeply into Treasury, Link, and Connect to speed up global expansion and product development. He said the company also plans to launch a Link balance feature.
Collison said Privy’s wallet infrastructure already supports AI agents that can transact and earn revenue. He named Merit Systems and Nevermined among the related applications, and said he expects the agent economy to keep growing quickly.
Stripe and Privy are also building a unified API designed to support holding stablecoin balances and earning yield, moving funds in and out of fiat, and arranging spending through bank cards. Collison added that a large amount of integration work between Privy, Bridge, and other Stripe businesses still remains unfinished.
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