PE-VC Fund Investments
Peak XV, Sofina invest in UK-based payments infra provider Primer’s $100-M round
London-based payments infrastructure startup Primer has raised USD 100 million in a Series C funding round led by Belgian investor Sofina with participation from Peak XV Partners, Accel, Tencent, ICONIQ Capital, Balderton Capital, and Speedinvest.Founded in 2020 by Gabriel Le Roux and Paul Anthony, Primer provides a unified infrastructure layer for enterprise payments that consolidates payment processors, fraud tools, and acquiring systems.The new funds will be used to accelerate the development of the firm’s payments products and expand its operations in the US. The company intends to expand the capabilities of its AI agent, Primer Companion, to facilitate autonomous execution of payment optimisation tasks. Primer also plans to hire 50 employees in the US to support regional growth.
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