Foresight News reported that, according to Fortune magazine, Privy, a cryptocurrency wallet infrastructure, announced the completion of a $15 million funding round, led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, and Coinbase, bringing Privy's total funding to over $40 million.

Privy's main products are a suite of tools for web developers, which can be integrated into websites or mobile applications, allowing users to connect their cryptocurrency wallets without the need to log in to other pages. These tools include a Software Development Kit (SDK) and Application Programming Interface (API).