UK payments FinTech Primer has raised £3.2mn in seed funding.
In Brief:
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The funding round was led by Balderton Capital.
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It has previously raised £600,000 from investors including Seedcamp.
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Primer will use an API to help online merchants “consolidate their payment stack”.
What does this mean?
Primer’s API product is still under development and the company was only founded this year, but it’s gained interest from both VCs and angel investors. Primer benefits from experienced staff who worked at a PayPal-owned company.
