Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»Stripe in Advanced Talks to Acquire Stablecoin-Focused Fintech Platform Bridge
    Fintech

    Stripe in Advanced Talks to Acquire Stablecoin-Focused Fintech Platform Bridge

    October 17, 20243 Mins Read


    (Bloomberg) — Stripe Inc., the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture-backed fintech platform Bridge. 

    Stripe has been in talks to acquire the San Antonio, Texas-based company, according to people familiar with the discussions who asked not to be identified sharing private information. No final decision has been made, the people said, and either party could still back out of the deal. 

    A representative for Stripe declined to comment. Bridge CEO Zach Abrams didn’t respond to multiple emails requesting comment.

    Bridge’s platform is designed to allow businesses to create, store, send and accept stablecoins like Tether’s USDT and Circle’s UDSC. The startup has raised a total of $58 million in funding, Fortune reported in August. Their investors include Sequoia, Ribbit Capital, Index, and Haun Ventures.

    Sequoia led Bridge’s most recent round, a $40 million Series A fund-raising. In a blog post published at the time, the venture capital firm hailed the market opportunity for stablecoins created in part by moves by companies like Stripe.

    A tie-up would add fuel to Stripe’s recent moves into stablecoins, an increasingly popular alternative payments mechanism. Last week, Stripe said it would once again be allowing merchants in the US to accept crypto payments in the form of USDC, ending a six-year hiatus from processing digital tokens.

    Earlier this month, Visa announced a new platform for banks to issue their own fiat-backed tokens, including stablecoins. Other financial technology companies, including Robinhood Markets Inc. and Revolut Ltd., are considering launching stablecoins of their own. 

    Read: Robinhood, Revolut Explore Joining $170 Billion Stablecoin Field

    Abrams co-founded Bridge less than two years ago with Sean Yu, who serves as Chief Technology Officer. The pair sold a previous startup, Evenly, to Square. Abrams is a veteran of crypto exchange Coinbase and business banking startup Brex; Yu’s experience includes time at Airbnb and Coinbase. 

    While Stripe has long been perceived as a top fintech IPO contender, the company’s founders have emphasized that they are in no rush to go public. 

    Earlier this year, Stripe and several of its investors agreed to buy back more than $1 billion in shares from employees, a move that valued the company at $65 billion. Its peak valuation of nearly $100 billion was achieved in 2021.

    Watch: The David Rubenstein Show: John Collison

    –With assistance from Anna Irrera and Emily Nicolle.

    More stories like this are available on bloomberg.com

    Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

    MoreLess

    Business NewsNewsStripe in Advanced Talks to Acquire Stablecoin-Focused Fintech Platform Bridge



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UK fintech SumUp hands London’s sleeping IPO market rare boost at $15B valuation

    Fintech

    NAICOM, fintech players join forces to increase insurance penetration in Nigeria 

    Fintech

    Top 10 Fintech Startups To Watch

    Fintech

    HALA secures $157m Series B to expand FinTech solutions

    Fintech

    Paysky showcases revolutionary fintech solutions at the first MTN Fintech Summit 2025 in Johannesburg

    Fintech

    Augmentum Fintech plc – Initial Public Offering of Gemini Space Station, Inc.

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Action Copper Giant Resources Corp. | Cours 29H Bourse Deutsche Boerse AG

    Investments

    Quantum secret of hydrogen bonds in liquid water revealed in a first

    Commodities

    Telangana Agricultural Scientists Association struggles to secure ₹17 crore release from ICAR

    Editors Picks

    ‘Bond King’ Jeffrey Gundlach Calls Gold the ‘True Monetary Asset,’ Predicts New All-Time High for Precious Metal

    May 12, 2025

    Sir Michael Caine, 92, comes out of retirement to star in new film alongside action icon

    September 8, 2025

    Revolut Reaches US$45bn Valuation After Successful Employee Share Sale

    August 20, 2024

    ‘American Idiot’ filled with energy, inventiveness | News, Sports, Jobs

    July 20, 2024
    What's Hot

    Abington police wish Detective Lieutenant Steven Fink a happy retirement

    October 17, 2024

    L’italien Azimut signe un accord contraignant avec FSI pour créer une banque fintech

    May 22, 2025

    L’intégrale de BFM Bourse du vendredi 4 juillet

    July 4, 2025
    Our Picks

    The 4% rule is now the 4.7% rule. Here’s why that matters.

    September 2, 2025

    Solana (SOL) Might Be Go-to Cryptocurrency Right Now

    July 20, 2024

    Oil slips with Brent staying below $80 on China demand concerns

    August 19, 2024
    Weekly Top

    Sunbeth Global Concepts secures top credit score amid growth surge 

    September 15, 2025

    Techopia Live @ Tech Tuesday: Pulse Check on Technology in Healthcare Innovation

    September 15, 2025

    The best apps to invest your cash in TODAY to turn £10-a-week into £15,000 without even noticing it

    September 15, 2025
    Editor's Pick

    Hindenburg alleges India market regulator chief held stake in offshore funds used by Adani Group

    August 11, 2024

    Gold, copper and oil prices fall as stock market contagion spreads

    August 5, 2024

    New Cryptocurrency Releases, Listings, & Presales Today – Robotics Intelligence, H4SHFUND, Module

    May 4, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.