UK-based automation platform for payments Primer has closed Series B funding round with USD 50 million, valuating the payments infrastructure startup at USD 425 million.
The USD 50 million Series B fundraise was led by ICONIQ Growth, the San Francisco based investment company that has backed global tech companies such as Adyen and Marqeta to Snowflake and Datadog. Existing investors, including Accel, Balderton Capital, Seedcamp, Speedinvest, and RTP Global all participated in the round.
Primer, which was founded in early 2020 by ex-Paypal/Braintree employees and employs more than 70 people across 20 countries, has built the an automation platform for payments.
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