PANews reported on March 19 that according to Fortune, blockchain infrastructure company Privy has raised $15 million in a new round of financing, led by Ribbit Capital, with participation from Sequoia Capital, Paradigm and Coinbase. This financing brings Privy's total financing amount to more than $40 million. Privy provides companies with tools to connect crypto wallets with applications or websites, aiming to simplify the use of crypto wallets so that mainstream users can more easily enter the blockchain world. Privy plans to use the funds to double the size of its team in the next 18 months, currently serving approximately 50 million accounts and working with more than 1,000 companies.