Privy

United States · www.privy.io · 13 vendors

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 13 sub-vendors.

Insights

Last updated 2026-07-12 · revision 2

13 direct vendors, 182 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 9/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Privy exhibits a very high level of migration readiness, scoring 90, largely due to its highly modern and cloud-native technology architecture. The internal tech stack leverages AWS, Kubernetes for container orchestration, and Terraform for infrastructure as code, which are all foundational elements for seamless migration across cloud environments. The use of modern programming languages and frameworks such as Node.js, TypeScript, React, and Python, along with a comprehensive suite of SDKs (React, React Native, iOS, Android, Unity, Go, Ruby, Rust), indicates a modular and portable codebase. The company's focus on "Blockchain / Web3 Abstraction Layer" and "Multi-chain Wallet Infrastructure" further suggests an architecture designed for flexibility and adaptability. Adherence to the SOC 2 Type II Compliance Framework implies well-documented processes and controls that would facilitate a structured migration. The primary challenges and unknowns for migration readiness stem from the lack of specific data. Financial stability to fund a large-scale migration is unknown, as no revenue or growth data was provided. Data residency requirements are also not specified, which could introduce complexity if strict geographical data storage mandates were to emerge. The vendor relationship data is ambiguous regarding lock-in: while "Total Vendors: 0" might suggest minimal external dependencies, "Total Services: 19" and "Vendor Geographic Diversity: 5 unique countries" imply a diverse set of service providers. The "Vendor Lock-in Risk" is explicitly unknown. However, the inherent portability and cloud-agnostic principles embedded in their tech stack (Kubernetes, Terraform) significantly reduce the potential impact of vendor lock-in, even if some dependencies exist.

Compliance

9 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — Assessment Required

ISAE 3000 (Revised) is an international standard for assurance engagements other than audits or reviews of historical financial information. It is most commonly relevant for companies providing assurance reports to third parties (e.g., service organizations, sustainability reporting). Privy's SOC 2 Type II report may be conducted under ISAE 3000 standards if issued for international audiences (as SOC 2 reports for non-US audiences are often issued under ISAE 3000 or ISAE 3402). However, no explicit ISAE 3000 report has been publicly confirmed. Risk is Low because ISAE 3000 is not a mandatory regulatory requirement for Privy's business model, and SOC 2 Type II provides equivalent assurance for most purposes.

Evidence: https://trust.privy.io/, https://www.privy.io/security

FinCEN — Assessment Required

Privy provides digital asset infrastructure including custodial wallets, stablecoin payment rails, treasury management, and on/off-ramp integrations. Depending on the specific services offered and whether Privy acts as a Money Services Business (MSB) or custodian, it may be subject to FinCEN registration, AML program requirements, SAR filing, and CTR reporting under the Bank Secrecy Act. The risk is High because: (1) The digital asset sector is under intense FinCEN/DOJ scrutiny; (2) Privy processes $15B+ monthly across 180+ countries; (3) Custodial wallet services may trigger MSB registration requirements; (4) Failure to register as an MSB or implement adequate AML controls carries severe criminal and civil penalties. As a Stripe company, Privy may rely on Stripe's MSB registrations, but this requires verification.

Evidence: https://www.privy.io, https://www.privy.io/acceptable-use-policy, https://www.fincen.gov/money-services-business-msb-registration

PCI DSS (source) — Assessment Required

Privy's privacy policy confirms it collects payment card data from developers (card type, full card number, last 4 digits) and processes payments through Stripe Inc. as payment processor. Privy also offers card programs connected to wallet balances. PCI DSS compliance is required for entities that store, process, or transmit cardholder data. The risk is Medium because: (1) Privy uses Stripe as its payment processor, which is PCI DSS Level 1 certified, potentially reducing Privy's own PCI scope; (2) However, Privy's card spend product and collection of full payment card numbers may create independent PCI DSS obligations; (3) Non-compliance with PCI DSS can result in fines, increased transaction fees, and loss of card processing privileges.

Evidence: https://www.privy.io/privacy-policy, https://www.pcisecuritystandards.org/

Financials

Three-year financials

Financial Resilience Score: 8/10

Privy's financial resilience is effectively underwritten by its June 2025 acquisition by Stripe, one of the best-capitalized private fintechs globally (reported ~$91.5B valuation in early 2025). This removes near-term liquidity or runway risk that would otherwise apply to an early-stage crypto infrastructure startup. Prior to the acquisition, Privy had raised approximately $26M in venture capital from a blue-chip syndicate including Paradigm, Sequoia, BlueYard, Electric Capital, and Coinbase Ventures. The company benefits from a sticky infrastructure business model with high switching costs once wallet-as-a-service is embedded in customer stacks. Its customer roster includes major fintechs and consumer apps such as Ramp, Deel, Hyperliquid, Klarna, OpenSea, and Farcaster. Operational KPIs are strong: 200M+ accounts, $1.9T cumulative payments processed, 99.99% uptime, and support across 180+ countries and 135+ currencies. However, no audited financials (revenue, EBIT, equity) are publicly available for any fiscal year, making independent assessment impossible. The business also faces meaningful cyclical exposure to crypto markets, regulatory uncertainty around custody/wallet infrastructure, and competitive pressure from Dynamic, Turnkey, Fireblocks, Magic, Web3Auth, and Coinbase WaaS.

Key strengths: Acquired by Stripe (June 2025), effectively removing liquidity/runway risk, Blue-chip customer roster including Ramp, Deel, Hyperliquid, Klarna, OpenSea, Farcaster, Strong pre-acquisition VC syndicate: Paradigm, Sequoia, BlueYard, Electric Capital, Coinbase Ventures, Sticky wallet-as-a-service infrastructure economics with high switching costs, Tailwinds from stablecoin and agentic-payments adoption, Operational scale: 200M+ accounts, $1.9T cumulative payments processed, 99.99% uptime

Risk factors: Crypto market cyclicality affecting DeFi/exchange customer volumes, Regulatory exposure (MiCA, US money-transmitter regimes, SEC/CFTC), Security/operational risk in key management and wallet custody, Competitive pressure from Dynamic, Turnkey, Fireblocks, Magic, Web3Auth, Coinbase WaaS, Opacity post-acquisition — standalone financial resilience no longer independently assessable, No public audited financials for any fiscal year

Workforce by country

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