Key Data

• Trading Name: Bridge
• Legal Entity: Bridge Building Sp. Z.o.o./Bridge Ventures Inc.
• Activities: Streamlining global money movement using stablecoins
• Location: US
• Regulations: regulated
• Key People: Zach Abrams/Sean Yu
• Latest news: Bridge
• Latest update: October , 2024

Bridge is a fintech platform focused on simplifying global money movement through stablecoins. Founded in 2022, Bridge offers a comprehensive API suite designed for businesses to move, store, and accept stablecoins efficiently. Their infrastructure supports companies by allowing them to integrate stablecoins such as USDC, USDT, and others into existing payment systems, ensuring fast and secure cross-border transactions.

Funding

Bridge is backed by prominent venture capital firms, including Sequoia Capital and Ribbit Capital, and has been instrumental in building new financial infrastructure, particularly in regions like LATAM. Its co-founder and CEO, Zach Abrams, has a strong fintech background, having previously held key roles at Brex, Coinbase, and Square.

Offering

Bridge offers a powerful fintech solution focused on streamlining global money movement using stablecoins. Their API-based platform allows businesses to move, store, and accept stablecoins like USDC, USDT, and others, making cross-border transactions faster and more cost-effective. By leveraging their Orchestration API, businesses can integrate stablecoins seamlessly into existing payment flows without the burden of managing regulatory and compliance complexities.

Bridge’s Issuance API allows companies to issue their own stablecoins, backed by reserves in U.S. Treasuries. The platform also enables businesses to offer Euro and USD accounts to global customers and provides infrastructure to pay international contractors and employees with digital dollars. By simplifying global treasury operations and enabling rapid stablecoin transactions, Bridge helps companies move money at “internet speed” while ensuring robust security and compliance.

Key Service:

Bridge’s key offerings revolve around enabling seamless global payments and financial infrastructure for businesses through stablecoins. Here are their main services:

1. Stablecoin Payment Integration: Through Bridge’s Orchestration API, businesses can move, store, and accept stablecoins like USDC, USDT, and others. This integration simplifies global money transfers, reducing transaction times and costs across borders.
2. Stablecoin Issuance: Bridge’s Issuance API allows companies to issue their own stablecoins, which are backed by reserves in U.S. Treasuries. This feature enables businesses to settle funds in their own stablecoin, while earning interest on the reserves.
3. Cross-Border Treasury Operations: Bridge simplifies global treasury management by allowing businesses to transition from local currencies to stablecoins quickly, providing efficient, secure, and low-cost solutions for international transactions.
4. Payroll and Contractor Payments: The platform enables businesses to pay employees, contractors, and partners in digital dollars (stablecoins), regardless of their location, facilitating seamless cross-border payouts.
5. Financial Infrastructure for LATAM: Bridge is also instrumental in building stablecoin-based financial infrastructure in regions like LATAM, enabling access to USD and Euro accounts, as well as providing local spending capabilities through cards and payment rails.

Regulation

The financial regulations for Bridge Ventures Inc. are as follows:

• For non-EEA residents, services are provided under the terms of service with Bridge Ventures Inc. Money transmission services for U.S. residents are provided by Bridge Building Inc., NMLS #2450917. For U.S. state licensing information, you can visit: nmlsconsumeraccess.org.
• For EEA residents, services are provided under the terms of service with Bridge Building Sp. Z.o.o., KRS: 0001039515, RDWW-794.

Key People

The key people behind Bridge include:

1. Zach Abrams
2. Sean Yu

Serving Industries

Bridge serves industries like fintech and payments, enabling cross-border stablecoin transactions. It supports gig economy platforms with global payouts, treasury operations for international financial management, LATAM businesses providing USD-based services, and e-commerce for seamless global payments​.

News

Stripe has reportedly acquired the stablecoin platform Bridge for $1.1 billion in October 2024.

Conclusion and Rating

The profile of Bridge shows that the platform fulfills all the criteria for a Green rating. Bridge offers a solid infrastructure for global stablecoin payments, allowing businesses to move funds swiftly, securely, and cost-efficiently across borders. Its API solutions are user-friendly and easily integrable, addressing crucial aspects such as regulatory compliance and rapid transactions. Moreover, Bridge’s innovative ability to issue custom stablecoins provides added flexibility for businesses.

Rating: Green – All criteria fulfilled.