Stripe2026-10-16 01:48:01Stripe says Privy assets under custody rose about 25x one year after acquisitionStripe 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.10
Stripe2026-10-15 16:00:06Patrick Collison says Privy now drives nearly $25 billion in monthly transactions inside StripeStripe 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.20
Stripe2026-10-15 15:57:47Stripe co-founder says Privy revenue rose about 9x and wallet assets grew about 25x after joining the companyStripe co-founder Patrick Collison said Privy has expanded sharply since becoming part of Stripe more than a year ago. According to Collison, assets held in Privy wallets are now about 25 times their earlier level, monthly active developers have roughly tripled, and revenue has climbed about ninefold. He added that the business is now facilitating nearly $25 billion in transactions each month. Collison said 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 as it pushes global expansion and new product development. The company is planning to launch a Link balance feature as part of that work. He also said Privy’s wallet infrastructure already supports AI agents that can transact and earn revenue, with Merit Systems and Nevermined named as examples. Stripe and Privy are building a unified API to support stablecoin balances with yield, fiat on- and off-ramps, and card-based spending. Collison added that there is still substantial integration work ahead across Privy, Bridge, and Stripe’s other businesses.20
