Privy, a cryptocurrency portfolio infrastructure provider, raised around $ 15 million in a funding tour led by Ribbit Capital.
The company, which announced the funding on Wednesday, offers applicants’ programming interfaces (API) to developers to manage and integrate user data, allowing its customers to offer crypto services and other functions on the channel so that end users can buy, sell and maintain a cryptocurrency.
“Companies that emerge from the early adoption of cryptographic rails will not only prosper but will also redefine how value is created and exchanged on a global scale,” said Privy. “But this future depends on a critical factor: facilitate any developer to create secure and easily secure experiences on cryptographic rails.”
The size of the round was not disclosed, although Privy said that the investment brought its total funding to more than $ 40 million. Privy had previously raised $ 26.3 million during its first two laps, according to data from the Startup Tracxn platform, which places the size of the last investment in the region of $ 15 million.
The tour included the participation of existing investors Sequoia Capital, Paradigm, Blueyard and Coinbase. The evaluation of the Privy in the Tour was also not disclosed.
