Bridge Acquisition, Valuation, Funding & Investors

Bridge was acquired by Stripe for $1.1B in February 2025, a 2.4x multiple on $454M of revenue.

Bridge acquisition price

$1.1B

Acquired by Stripe · Feb 2025

Bridge revenue at acquisition

$454M

Last twelve months · Feb 2025

Bridge revenue multiple at acquisition

2.4x

EV/Revenue · Feb 2025

Bridge EBITDA multiple at acquisition

11.9x

EV/EBITDA · Feb 2025

Bridge Overview

About Bridge

Bridge is a developer of APIs for stablecoin issuance and cross-border payments in the fintech sector. Headquartered in San Antonio, Texas, its xyz protocol converts fiat to USDC and USDT, enabling instant global transfers with KYC/AML compliance. Founded in 2022 by Zach Abrams, Bridge processes $1 billion+ monthly volume across 100+ countries, partnering with Circle and Coinbase for on-ramps. Developers use its SDKs for programmable money in DeFi apps.


Founded

2022

HQ

United StatesSan Antonio, TX

Website

bridge.xyz

Status

Acquired

Customer focus

B2B

Revenue model

Commission

Revenue

$454M (Feb 2025)

Valuation

$1.1B (acquired Feb 2025)

Bridge Acquisition

Bridge was acquired by Stripe for $1.1B on 4 February 2025.

The acquisition price implies a 2.4x revenue and 11.9x EBITDA multiple on $454M of revenue.

Before the acquisition Bridge had raised $58M across 1 funding round.

Bridge, founded in 2022 and based in San Antonio, Texas, with offices in San Francisco, provides an API-based platform enabling businesses to accept stablecoin payments—cryptocurrencies pegged to fiat currencies like the US dollar—without directly handling digital tokens. Its clients include Coinbase, SpaceX, and several government entities. The company achieved explosive growth in 2024, with business volume increasing over tenfold year-over-year and reaching an annualized run rate exceeding $5 billion by August, implying revenue run rates of $5-12.5 million at 10-25 basis points fees. Stripe, a financial infrastructure platform headquartered in San Francisco and Dublin, completed its $1.1 billion acquisition of Bridge on February 4, 2025, following announcement on October 20, 2024, and regulatory approval; this represents Stripe's largest acquisition to date, at 5.5 times Bridge's $200 million Series A valuation from March 2024 and over 100 times revenue run rate. All 60 Bridge employees joined Stripe's San Francisco headquarters. The deal originated from a Treasury roundtable where Bridge co-founder Zach Abrams and Stripe CEO Patrick Collison discussed stablecoins, initially positioning Bridge as a potential Stripe customer. Strategically, the acquisition positions Stripe as a leader in digital asset payments, enabling cheaper cross-border transactions, reduced failures, higher conversion rates in emerging markets, and alternatives to credit card fees amid Stripe's 38% growth to over $1.4 trillion in 2024 payment volume. Stablecoins moved $15.6 trillion in 2024, rivaling Visa, accelerating mainstream adoption for B2B, B2C, and P2P instant settlements against competitors like PayPal, Block, Tether, and Circle.

Bridge acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
4 Feb 2025Strategic M&A$1.1B2.4x11.9x

Sources: stripe.com

Bridge Funding History

Bridge has raised a total of $58M across 1 funding round.

Bridge funding rounds

Bridge funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2024Series ARibbit Capital (lead); Sequoia Capital (lead); Index Ventures; Haun Ventures; Diogo Mónica$58MBridge is a stablecoin startup founded by former Coinbase and Square alumni Zach Abrams and Sean Yu, offering APIs for stablecoin issuance and payment orchestration to enable global B2B payments and challenge traditional systems like Swift and credit cards. The company emerged from stealth in late August 2024, announcing a cumulative $58 million in venture funding, including a fresh $40 million round led by Sequoia Capital and Ribbit Capital, with participation from Index Ventures, Haun Ventures, and others such as 1confirmation, BEDROCK, and The Venture Dept. Investors highlighted the founders' fintech experience from Brex and Square, positioning Bridge to serve both crypto-native firms and fiat-operating companies. Bridge has secured high-profile customers including SpaceX, which uses the platform to collect payments in various currencies and jurisdictions, converting them via stablecoins into its global treasury. Other clients include Coinbase, Stellar, and Strike for stablecoin payment infrastructure. The company holds licenses in 48 U.S. states, a VASP license from Poland, and is pursuing further approvals in New York, Europe, and elsewhere, emphasizing compliance and relationships with global financial institutions for on- and off-ramps. The company aims to enable global companies to support millions of customers through borderless fund flows on top of existing financial systems.

Who has invested in Bridge?

5 investors have backed Bridge across its funding rounds, including Sequoia Capital, Index Ventures, Ribbit Capital, Haun Ventures and Diogo Mónica.

Lead investors include Ribbit Capital and Sequoia Capital.


Bridge Investors

Investors in Bridge by funding rounds participated
InvestorHQRoundsRoleFirst check
Index VenturesUnited KingdomLondon1ParticipantAug 2024
Haun VenturesUnited StatesSan Francisco, CA1ParticipantAug 2024
Ribbit CapitalUnited StatesSan Francisco, CA1LeadAug 2024

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Acquisitions by Bridge

Bridge has acquired 1 company to date.

Last acquisition by Bridge was on November 1st 2024. Bridge acquired Triangle for undisclosed valuation.


Latest Acquisitions by Bridge

Triangle
Description
Triangle is a San Francisco-headquartered Web3 infrastructure provider offering a wallet API for embedding decentralized finance, NFTs, payments, and social features into applications. Its SDK supports Ethereum, Solana, and Polygon chains with non-custodial key management and gas abstraction. Launched in 2022, the platform powers dApps for gaming and DeFi protocols.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date1 Nov 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Bridge Competitors

Bridge competitors include listed companies like Fawry and Worldline, and private ones like Sunbit, Alpaca, Super.com and CoinBridge.

Public and private companies comparable to Bridge
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SunbitUnited StatesLos Angeles, CAPrivate--$1.1B-
AlpacaJapanTokyoPrivate$100M-$1.1B11.5x
Super.comUnited StatesSan Francisco, CAPrivate$200M-$1.2B6.0x
CoinBridgeIsraelHerzliyaPrivate--$1B-
FawryEgyptEgyptPublicly listed$166M$73M$1.2B5.2x
WorldlineFranceFrancePublicly listed$4.6B($5.2B)$887M0.7x

Bridge Public Comps

Bridge is no longer listed, but its public comps include Fawry, Worldline, Sunyard Technology, Marqeta, AMTD Digital, Abaxx Technologies, PensionBee, Currenc Group, Bakkt and Paysafe.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fawry$166M$73M6.8x5.2x15.4x9.6x
Worldline$4.6B($5.2B)0.6x0.7x(0.6x)3.8x
Sunyard Technology$307M$10M2.2x-69.2x-
Marqeta$625M$14M1.5x1.4x69.6x7.1x
AMTD Digital$59M$18M19.5x-62.9x-
Abaxx Technologies$749K($28M)600.9x136.9x(16.1x)(10.0x)
PensionBee$57M($5M)6.6x5.5x(81.4x)107.9x
Currenc Group$38M($13M)8.3x8.3x(24.1x)-

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Common questions about Bridge

When was Bridge founded?Bridge was founded in 2022.
Where is Bridge headquartered?Bridge is headquartered in San Antonio, TX, United States.
Is Bridge publicly listed?No, Bridge was acquired by Stripe in February 2025.
Who acquired Bridge?Bridge was acquired by Stripe in February 2025.
How much was Bridge acquired for?Bridge was acquired for $1.1B in February 2025, a 2.4x revenue multiple.
How much funding has Bridge raised?Bridge has raised $58M across 1 funding round.
What was Bridge's last funding round?Bridge's last funding round was a $58M Series A in August 2024, led by Ribbit Capital and Sequoia Capital.
Who are Bridge's investors?Bridge's investors include Index Ventures, Haun Ventures, Ribbit Capital, Sequoia Capital and Diogo Mónica.
Which companies are comparable to Bridge?Companies comparable to Bridge include Sunbit, Alpaca, Super.com, CoinBridge, Fawry and Worldline.
How many companies has Bridge acquired?Bridge has acquired 1 company, including Triangle.

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