Primer, a low-code payments infrastructure and online checkout API, has scored £14m in its Series A funding round, led by Accel.
Other participants to the round included Balderton, SpeedInvest, Seedcamp and RTP Global.
Capital from the round will be used to enhance the company’s business development efforts, increase international expansion and enhance its product capabilities.
The company, which was founded earlier in 2020, the company provides e-commerce merchants and online payments facilitators to connect and maintain their entire payments ecosystem via a unified payments API and checkout.
These connections include payment service providers, payment methods, fraud providers, chargeback services, subscription billing engines, BI tools, and loyalty and rewards platforms.
The FinTech was founded by ex-PayPal employees Paul Anthony and Gabriel Le Roux, and has 23 employees spread across six countries.
Primer co-founder and head of product and engineering Paul Anthony said, “During our time at PayPal, we saw first-hand the technical burden online merchants face trying to offer the best payments experiences to their customers globally.
“Our low-code approach enables merchants’ payments teams to manage and expand their payments ecosystems, and maintain sophisticated payments logic with a familiar workflow UI.”
As part of the deal, Accel partner Sonali De Rycker will join the Primer board of directors.
With the close of the round, the company has secured a total of £17.8m in funding.
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