Bridge raises $40M led by Sequoia and Ribbit for its stablecoin payment APIs

Bridge (Stripe)/Bridge stablecoin platform & Open Issuance

Bridge disclosed $40M led by Sequoia and Ribbit Capital, for $58M raised in total. Its APIs let companies move between bank money and stablecoins without handling the crypto themselves, and it was processing over $5B a year in payments for customers including SpaceX and Coinbase.

• $40M new money; $58M raised in total.
• Investors include Sequoia, Ribbit, Index and Haun Ventures.
• Annualised payment volume above $5B.
• Customers named: SpaceX, Coinbase, Stellar, Strike.
• Licensed in 48 US states at the time.