Performances
Comparison
Fundraising
Parent Company
Follow Updates
About Payy
Payy, a privacy-focused EVM L2, began as Polybase, a Web3 database project, before pivoting to stablecoin payments in 2023. In October 2024, it was selected for Circle's USDC Grant Program, marking early recognition. In August 2025, Payy launched Payy Card, a non-custodial Visa card with ZK-backed privacy. The major milestone came in February 2026 when Payy Network went live on Ethereum, enabling private-by-default ERC-20 transfers with full EVM compatibility. In March 2026, Payy raised $6 million in seed funding led by FirstMark Capital, with participation from DBA and Robot Ventures. Finally, in May 2026, Payy released @payy/client, a TypeScript SDK for its privacy bridge, empowering developers to build private payment applications. These events highlight Payy's evolution from a database project to a privacy-centric stablecoin infrastructure.
Payy, a privacy-preserving EVM L2 for stablecoins, made major strides in H1 2026. In March, it raised $6M led by FirstMark Capital with DBA and Robot Ventures. In April, it partnered with Toku to launch private payroll for stablecoin-native companies. In May, it released @payy/client, a TypeScript SDK supporting viem/ethers, local privacy signing, and proof generation. In July, it announced partnerships with Monaris (private credit) and SurfCash (emerging-market payments), and completed a Payy-EVM migration enabling replay-based datadir rebuilds. It also advanced EIP-7702 support for account-level code setting.
Future focus: expanding the privacy infrastructure layer, deepening stablecoin use cases (payroll, cards, credit), growing the ecosystem via partnerships, and refining developer tooling for seamless EVM integration. The roadmap prioritizes making private stablecoin transfers the default for institutional and retail users.
Sid Gandhi (CEO): Previously at Apple for nearly a decade, focusing on privacy frameworks for iOS. Early Bitcoin adopter since 2012. Spoke at major industry conferences. Calum Moore (CTO): Y Combinator alum (W20), founded Snapboard and Zeplo before co-founding Payy. Background in large-scale data analytics.