What Privy does

Privy provides embedded wallet-as-a-service infrastructure for crypto and digital assets, enabling developers and businesses to provision self-custodial wallets for end users without seed phrases. The platform supports email, SMS, social login, and passkey authentication across EVM, Solana, and Bitcoin chains, and is built on TEE-enforced key management with Shamir's Secret Sharing for key sharding, a programmable policy engine, headless transaction signing, and native gas sponsorship. Privy serves fintechs, DeFi protocols, exchanges, payroll platforms, gaming studios, social applications, and AI agent platforms, processing 115M+ monthly signatures with sub-20ms latency and 99.99% historical uptime.

Privy monetizes through a hybrid pricing model combining usage-based signature fees, transaction volume-based pricing, and MAU-based subscription tiers. A freemium developer tier provides 50K signatures and $1M volume monthly; Core and Scale tiers run at $299/month and $499/month respectively based on MAU bands; and enterprise contracts use custom signature-based pricing as low as $0.001/signature with premium SLAs, SSO, and dedicated account management. The go-to-market combines product-led growth (self-serve developer onboarding) with enterprise field sales, embedded/OEM distribution into customer applications, and developer community engagement via Slack, GitHub, and conferences. The company was acquired by Stripe in June 2025 and now operates as an independent product within Stripe's broader crypto infrastructure portfolio, which also includes Bridge stablecoin orchestration and the Tempo blockchain.

Privy has scaled to 120M+ global accounts, 2,000+ developer teams, and 180+ countries, processing $15B+ in monthly transaction volume. Named customers include Stripe (parent), Deel (dollar-backed wallets for 1.5M workers), Kraken (DeFi Earn with $500M+ routed), Uniswap (in-app wallets with passkey onboarding), Klarna (KlarnaUSD co-development), Ramp (Stablecoin Accounts), Hyperliquid, pump.fun, Zora, Zebec, Blackbird, and Virtuals. The platform holds SOC 2 Type II certification (renewed April 2026) and has been audited by Cure 53, SwordBytes, Doyensec, and Zellic, with an active HackerOne bug bounty program.

Name

Privy

Legal name

Horkos, Inc.

Website

https://privy.io

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Privy provides embedded wallet-as-a-service infrastructure for crypto and digital assets, enabling developers to provision self-custodial wallets across EVM, Solana, and Bitcoin chains. Now a Stripe company, it serves fintechs, DeFi protocols, payroll platforms, AI agent systems, and 2,000+ developer teams across 180+ countries.

Ownership category

akta.pro rank

Product category

Digital Asset Infrastructure / Crypto Wallet-as-a-Service

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199)

akta.pro primary industry

Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD)

akta.pro secondary industries

Smart Contract Wallets & Account Abstraction (FSADACAF), Crypto Payment Gateways & Checkout APIs (FSADAIAA), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)

Keywords

• Embedded wallet infrastructure
• Crypto wallet APIs
• Digital asset accounts
• Key management software
• Blockchain developer tools

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Signature-based pricing: Pricing primarily based on monthly signature volume (transaction signing operations). Developer free tier includes 50K signatures monthly; Core tier at $299/month includes up to 2,499 MAU with additional signature fees; Scale tier at $499/month for 2,500-9,999 MAU. Enterprise pricing is custom per transaction or transacting wallet with signature-based pricing as low as $0.001/signature.
2. Transaction volume-based fees: Developer free tier includes $1M in free monthly transaction volume. Volume-based fees apply above free tier thresholds, with enterprise custom pricing for at-scale usage.
3. MAU-based subscription tiers: Tiered fixed pricing based on monthly active users (MAU): Free (0-499 MAU), Core ($299/month for 500-2,499 MAU), Scale ($499/month for 2,500-9,999 MAU), Enterprise (custom pricing). Additional fees may apply for signatures and volume beyond tier limits.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Privy provides embedded wallet infrastructure (Wallet-as-a-Service) that enables developers to provision self-custodial crypto wallets for end users via email, SMS, social login, or passkeys without seed phrases, across EVM, Solana, and Bitcoin chains. The platform delivers programmatic key management with TEE-enforced policy controls, headless server-side signing, native gas sponsorship, fiat on-ramping, yield integrations via Morpho and Sky, and card programs, all through a unified API consumed by fintechs, DeFi protocols, exchanges, payroll platforms, gaming studios, and AI agent platforms.

Product overview

Privy is a digital asset infrastructure company providing a comprehensive wallet-as-a-service platform. The core offering consists of Embedded Wallets, Treasury Wallets, and Agent Wallets, all powered by Privy's secure Key Management infrastructure. These wallets are built on a programmable architecture featuring a Policy Engine for automated access controls and transaction governance. The platform supports multi-chain operations across EVM, Solana, and Bitcoin, with additional modules for Cards and Spend (enabling Visa debit cards through Lead Bank), Yield Integrations (via Morpho and Sky Ecosystem), and Onramp services for fiat-to-crypto conversion. Developer access is provided through SDKs for Web/Mobile/Gaming, the Agent CLI for AI agent wallet management, and comprehensive API documentation. The platform integrates with Stripe's stablecoin infrastructure following Privy's acquisition by Stripe in June 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Privy Embedded Wallets (User Wallets) Self-custodial embedded wallets that onboard users to crypto with just email, social logins, or passkeys—no seed phrases required. Supports EVM, Solana, and Bitcoin chains with built-in gas sponsorship and smart wallet compatibility. For developers building applications that need seamless user onboarding to digital assets.
• Privy Treasury Wallets Treasury infrastructure for managing reserves, liquidity, and capital flows with programmatic policies, approval workflows, and secure multi-signer controls. For institutions, asset managers, and enterprises managing digital asset operations at scale.
• Privy Agent Wallets Wallets specifically designed for autonomous AI agents to hold funds and execute transactions within human-defined guardrails. Server-side wallet provisioning and orchestration enables AI apps to transact safely. For AI startups, agentic commerce platforms, and autonomous system developers.
• Privy Key Management Secure, programmable key infrastructure including TEE-enforced policy engine, Shamir's Secret Sharing for key sharding, and cryptographic attestation. Enables transaction limits, approved destinations, and multi-factor biometric verifications. For developers and institutions requiring institutional-grade key security for digital asset operations.
• Privy Digital Asset Accounts Programmable digital asset accounts enabling users to hold, move, and grow digital assets globally. Integrates balances, yield, payouts, and cards into a single system. For platforms building financial products that combine wallet, yield, and programmable money movement.
• Privy Agent CLI Command-line interface for creating, funding, and managing agent wallets. Part of the agent-native stack for provisioning and orchestrating wallets for AI agents. For developers building AI agent applications that need programmatic wallet management.
• Privy SDKs

Quantifiable outcome

• 120M+ global accounts supported across 2,000+ developer teams
• +5 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability5 records

Feature21 records

Partnerships

24 partnerships are on record, tiered core, secondary and minor.

• KrakencoreTechnology or Integration · 29 June 2026Kraken launched DeFi Earn using Privy's embedded wallet infrastructure, enabling US, Canada, and Europe users to earn up to 8% APY onchain within the app. Kraken has routed more than $500M in combined stablecoin and BTC deposits through this Privy infrastructure. Yield is sourced from protocols including Aave, Morpho, Tydro, and Sky Ecosystem, with strategy execution by Veda Labs.
• MorphocoreTechnology or Integration · 29 June 2026Morpho provides non-custodial ERC-4626 lending vault infrastructure powering Privy's Earn on Balances feature. Risk managers including Steakhouse Financial, Gauntlet, and Sentora curate vault selection. Morpho recently secured $175M in funding and provides the technical backbone for yield-bearing DeFi experiences within Privy-powered applications.
• Uniswap LabscoreTechnology or Integration · 4 June 2026Uniswap chose Privy to power in-app wallets, enabling users to create wallets using FaceID, TouchID, or passkeys directly within the Uniswap Web App without seed phrases. Uniswap has processed over $4.4 trillion in all-time swap volume and uses Privy to reduce onboarding friction for its 49.9% of new traders who made their first-ever swap on the platform in 2026.
• DeelcoreTechnology or Integration · 3 June 2026Deel uses Privy wallets as its core account system to provision dollar-backed wallets for contractors across 150+ countries. Contractors receive instant dollar-denominated balances, earn rewards on idle funds through Morpho integration, and move money globally without managing wallets or private keys. Deel is a leading global payroll and HR platform serving 40,000+ businesses and 1.5M workers.
• AWS (Amazon Web Services)coreTechnology or Integration · 7 May 2026AWS Bedrock AgentCore Payments integrates Privy wallet infrastructure to enable AI agents to autonomously pay for digital resources (APIs, web content, MCP servers, other agents) using stablecoins. This is the first managed payment layer specifically designed for the agent economy, using USDC settlement on Base and Solana.
• RampcoreTechnology or Integration · 30 April 2026Ramp uses Privy's digital asset infrastructure for its Stablecoin Accounts product, built on Privy wallets and integrated with Bridge and Stripe. Businesses can hold stablecoins, earn rewards, and pay employees or vendors globally 24/7 with near real-time settlement compared to 7-15 days for traditional cross-border transactions.
• AlchemysecondaryTechnology or Integration · 28 April 2026Privy and Alchemy partnered to power seamless onchain finance, combining Alchemy's blockchain development platform with Privy's wallet infrastructure for developer accessibility and scale.
• Sky Ecosystem (formerly Maker)secondaryTechnology or Integration · 6 March 2026Sky Frontier Foundation partnered with Privy to offer Sky's sUSDS stablecoin with 4% APY Sky Savings Rate through Privy's wallet infrastructure spanning 2,000+ applications and 110+ million wallets globally. Developers can integrate onchain yield-bearing functionality and USDS onboarding across 180+ countries.
• Figure (RWA Consortium)secondaryTechnology or Integration · 25 February 2026Privy joined Figure's RWA Consortium on Solana to promote onchain finance and expand access to real-world asset loans via blockchain, integrating with Figure's PRIME liquid staking token and cross-chain interoperability for tokenized assets.
• FarcastersecondaryTechnology or Integration · 21 February 2026Farcaster integrated Privy to create embedded wallets for every user at signup on its decentralized social protocol. Wallets support onchain payments, asset collection, and rewards without external wallets, making the protocol accessible to everyday users.
• pump.fun HackathonminorGTM or Marketing Partner · 29 January 2026Privy served as a hackathon advisor alongside Polymarket, Pantera Capital, Kraken, Jump Crypto, and others in pump.fun's $3M 'Build in Public' hackathon, providing feedback to selected teams through token-based deals.
• Neverminedsecondary2 January 2026Nevermined integrated Privy's user-friendly, identity-linked wallets into its ecosystem, enabling AI agents to participate in real economic activity including transactions, charging for work, and payments. The partnership combines Privy's wallet and identity layer with Nevermined's metering, billing, and settlement infrastructure using USDC stablecoin.
• KlarnacoreStrategic or Co-development Partner · 12 December 2025Klarna partnered with Privy to research and develop a simple, secure cryptocurrency wallet for mainstream consumers. The initiative follows Klarna's launch of its KlarnaUSD stablecoin and aims to simplify crypto usage for everyday users. The partnership positions Klarna to embed crypto rails into its existing BNPL and payment ecosystem.
• ZebecsecondaryTechnology or Integration · 9 December 2025Zebec integrated Privy's embedded wallet infrastructure into its Zebec SuperApp for blockchain-based payroll and real-time payments. The integration enables secure wallet management and stablecoin payroll for global users, aiding interoperability with mainstream financial networks.
• LangChainsecondaryTechnology or Integration · 6 November 2025LangChain partnered with Privy to enable AI agents built on LangChain to hold, move, and manage value securely using Privy's programmable wallet infrastructure, supporting agentic payment workflows.
• ZorasecondaryTechnology or Integration · 31 July 2025Zora uses Privy to power embedded wallets on both web and mobile, provisioning wallets invisibly at signup. Uses Privy embedded wallets as signers on Coinbase Smart Wallets, enabling account abstraction, gas sponsorships, and smooth batching of transactions for a social platform serving over 4M users and creators.
• pump.funcore30 May 2025Pump.fun uses Privy to securely provision millions of Solana embedded wallets across its mobile and web app. Users can create and trade tokens with just an email — no seed phrases, extensions, or prior crypto knowledge required. Pump.fun has recorded over $10B in volume since launch.
• HyperliquidcoreTechnology or IntegrationHyperliquid uses Privy embedded wallets to power fast, secure wallets for high-performance decentralized perps trading. Privy enables instant user onboarding without seed phrases, smooth trade execution, and simple asset management across chains, improving conversion for Hyperliquid's category-defining trading engine.
• BlackbirdsecondaryTechnology or IntegrationBlackbird embeds onchain payment rails into its restaurant loyalty app using Privy. Users benefit from crypto rails without needing to understand or know about crypto. Privy powers secure multi-wallet custody in-app for a best-in-class restaurant loyalty experience with invisible crypto complexity.
• NooksecondaryTechnology or IntegrationNook uses Privy to power embedded wallets, letting users deposit dollars, convert to stablecoins, and earn 7.6% APY through audited DeFi protocols. Privy manages security and recovery while keeping the experience simple and self-custodial for mainstream savers.
• Pirate NationsecondaryTechnology or IntegrationPirate Nation uses Privy to spin up self-custodial wallets for players with just an email or social login, powered by the Unity SDK. Onchain infrastructure fades into the background while players benefit from composability, permanence, and rewards of onchain gaming.
• VirtualssecondaryTechnology or IntegrationVirtuals integrated Privy to equip every AI agent on its marketplace with a secure, non-custodial wallet. Creators can deploy and co-own AI agents, earning rewards as agents are used, while agents can transact onchain, receive payments, and interact across social platforms and applications.
• StripecoreStrategic or Co-development PartnerPrivy was acquired by Stripe in June 2025 as part of Stripe's comprehensive crypto infrastructure strategy. Privy operates as an independent product and team under Stripe, leveraging Stripe's sales, distribution, treasury products, and Tempo blockchain. Stripe Sessions 2026 featured Privy's first major appearance as a Stripe company.
• 0G (Apollo AI Accelerator)minorGTM or Marketing Partner0G launched the Apollo AI Accelerator with a $20M fund in collaboration with Stanford blockchain veterans and partners including Google Cloud and Privy. The program funds and supports early-stage AI projects on decentralized infrastructure.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Magic: Magic provides embedded wallet-as-a-service and authentication SDKs for web3 apps. It is the closest direct competitor to Privy in delivering passwordless/email-based embedded wallets with multi-chain support.
• Dynamic: Dynamic offers an embedded wallet and authentication platform for crypto apps, with multi-chain support and developer-first onboarding. It competes head-to-head with Privy for the same developer and fintech integrations.
• Web3Auth (Torus): Web3Auth provides non-custodial key management and embedded wallet infrastructure using MPC and sharded key schemes. It is a direct competitor to Privy's TEE/Shamir-based key management stack.
• Turnkey: Turnkey offers wallet-as-a-service infrastructure with embedded wallets, policy controls, and developer APIs for crypto applications. It targets the same developer and fintech customer base as Privy.
• Sequence (Horizon) / Bincubator: Sequence provides smart wallet infrastructure and embedded wallets focused on web3 gaming and consumer apps. It overlaps directly with Privy's gaming, social, and consumer app customer segments.

Broad incumbents

• Coinbase Developer Platform (Wallet-as-a-Service): Coinbase offers a broad developer platform including wallet APIs, node services, and custody. As a major exchange building its own WaaS, it competes with Privy for embedded wallet integrations at large platforms.
• Alchemy: Alchemy is a broad blockchain developer platform offering nodes, APIs, and account abstraction tooling. It is both a partner (announced April 2026) and adjacent competitor for wallet infrastructure customers.
• Fireblocks: Fireblocks provides institutional digital asset custody, wallet, and treasury infrastructure. It competes with Privy's Treasury Wallets and key management for banks, asset managers, and large fintechs.

Emerging players

• Biconomy: Biconomy provides account abstraction infrastructure including gas sponsorship, batched transactions, and smart account SDKs. It overlaps with Privy's AA/Policy Engine capabilities for enterprise wallets.
• Safe (Gnosis Safe): Safe builds smart contract accounts and multisig wallet infrastructure that Privy integrates with directly. It is a partial competitor in the smart-account / treasury wallet space while remaining an ecosystem partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/privy-io
• Xx.com/privy_io
• LinkedInlinkedin.com/company/privyio

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Privy