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Payments startup Primer raises £3.2m

Payments startup Primer raises £3.2m

UK payments startup Primer has raised £3.2 million in a seed funding round led by Balderton Capital and joined by Transferwise co-founder Taavet Hinrikus.

The seed round comes on top of an earlier £600,000 raise from Kima, Seedcamp, Speedinvest and unnamed angels, according to TechCrunch.

Founded this year by a pair of former senior European staffers at PayPal-owned Braintree, Primer is building an API to help online merchants consolidate their payments stack.

The firm is promising to help sellers quickly integrate an ever-growing range of payment options in different markets, ensuring a smooth checkout process for customers as well as data driven insights.

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