Privy, a cryptocurrency wallet infrastructure provider, raised an estimate of $ 15 million in a financing round led by Ribbit Capital.
The company, which announced financing on Wednesday, offers application programming interfaces (API) so that developers manage and integrate user data, allowing their customers to offer encryption services and other functions in the chain so that end users can buy, sell and maintain cryptocurrencies.
“The companies that arise from the early adoption of cryptographic will not only prosper, but also redefine how the value worldwide is created and exchanged,” said Pivy. “But this future depends on a critical factor: to facilitate that any developer builds safe and safe experiences in cryptographic rails.”
The size of the round was not revealed, although PRIVY said the investment leads to its total financing to more than $ 40 million. Privy had previously raised $ 26.3 million in his first two rounds, according to data from the Tracxn starting platform, which places the size of the last investment in the $ 15 million region.
The round included the participation of existing investors Sequoia Capital, Paradigm, Blueyard and Coinbase. Pivy’s assessment in the round was not revealed either.
