Primer, a software platform that connects multiple third-party PAYMENTS processor, gateways, and fraud tools into a single integration, has raised $100 million in an oversubscribed Series C led by Sofina, with participation from Peak XV Partners and existing investors Balderton, Accel, ICONIQ, Tencent, and Speedinvest, bringing total funding to $170 million. The London-based PAYMENTS infrastructure platform unifies payment orchestration, reconciliation, fraud tools, FX, and financial operations into a single layer. Primer plans to grow US revenue to over a third of total revenue by 2028. Strategically, Primer’s thesis is that AI in payments performs best when built on complete, unified transaction data. Fragmentation across processors and acquirers remains the main obstacle.
Primer Targets US Expansion With $100M Series C Raise
