Stripe has shutd on its $1.1 billion buy of constantcoin platcreate Bridge – labeling the payment enormous’s bigst acquisition to date and concrete push into crypto.
Co-set uped in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accomprehendledge constantcoins. The pair elevated $58 million from spendors such as Index Ventures and Sequoia Capital, according to PitchBook. It was appreciated at $200 million when it elevated a $40 million Series A in 2024.
With this acquisition, Stripe is evidently betting huge on crypto.
In a February 5 post on X, Stripe co-set uper Patrick Collison wrote: “We foreseeed Bridge (go trail them at @constantcoin) to prolong very speedyly, and we’re nevertheless shocked at equitable how rapidly adchooseion is exploding. In the coming years, everyone programmaticassociate moving money will foreseeed want a constantcoin strategy.”
Last July, Stripe allowd crypto buys in the EU, and in October, the fintech proclaimd a Pay with Crypto feature that lets merchants accomprehendledge constantcoins.
