Long before we partnered with Bridge, co-founders Zach Abrams and Sean Yu were part of the Sequoia family. They joined Block (then Square) more than a decade ago through the acquisition of Evenly, their first company together—and Sean went on to work at two more companies in our portfolio, Airbnb and DoorDash. In 2023, when they shared their vision for a new stablecoin-based platform that would make all payments seamless with a single API, we were as excited about working with them as we were about their transformative idea.

It was our privilege to lead Bridge’s Series A, and partnering with them has truly been a dream; they are an exceptional team and are the leaders in a rapidly growing market. Their acquisition is a milestone we didn’t plan to reach so soon. But we believe there is incredible synergy between Bridge and Stripe, and that by joining forces they can open up new possibilities for people all over the world—including in emerging markets, where moving money on traditional payment rails is inefficient and expensive. As Stripe co-founder John Collison wrote earlier this year when he announced the company would begin supporting stablecoin payments, “Crypto is back.” In this pivotal moment, today’s announcement makes the future even more bright.

We are also happy that our family ties will remain strong as Zach, Sean and their team join yet another Sequoia-backed business. And we know that this is only the beginning of their story. Over the years, we have been fortunate to partner early with many companies that were later acquired and went on to change the world, including Instagram, YouTube, PayPal and WhatsApp. We believe Bridge will join that list of iconic companies that achieved their full potential after acquisition.

To Zach, Sean and the entire Bridge team, thank you for allowing us to be part of your journey. As you and your new teammates pave the way forward, we are proud to be by your side.