Sofina Leads $100M Series C for UK Fintech Primer on May 20

GateNews
On May 20, Primer, a UK payments infrastructure startup, raised $100 million in Series C led by Sofina, with Peak XV Partners and existing investors Balderton, Accel, ICONIQ, Tencent, and Speedinvest also participating. The company said it will deploy the funds to expand AI tools for payments and finance teams, and plans to increase its US presence with up to 50 new hires, targeting more than one-third of its revenue from the region by 2028. The funding brings Primer's total capital raised to $170 million.
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