back Back

Financial infrastructure innovator, Prime Trust secures $64 mn in Series A funding

By Pavithra R

July 29, 2021

  • America
  • Financial

Prime Trust, a technology-driven trust company, has announced raising $64 mn in Series A round, the first institutional round of funding for the company.

The timing of the investment coincides with the firm having crossed $100M in annual revenue-run rate and 250 million API calls per month from its B2B customers.

The finance round was led by Mercato Partners with strategic participation from Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, STCAP, s20 Capital, Seven Peaks Ventures, Diverse Angels, University Growth Fund and Nevcaut Ventures. The firm has also announced the joining of Zane Busteed, a principal investor at Mercato Partners Traverse Fund, and Tom Gonser, of Docusign and Seven Peaks Ventures to its board of directors.

“We are experiencing an explosion of new financial services driven by digital native consumers, and nontraditional markets and assets. The biggest challenge is turning these ideas into user-ready services. Prime Trust solves this with fast, flexible and secure technology that innovators can use to create products catering to new markets and customers,” said Zane Busteed, principal investor at Mercato Partners Traverse Fund.

The funding will be used to add systems and personnel who are working on expanding the company’s B2B market share in crypto, including digital asset exchanges, banks, consumer retailers, OTC desks, tokenized assets and wallets, and in crowdfunding, including broker-dealers, crowdfunding portals and real estate syndicators. The raise will also enable Prime Trust to grow into new markets in payments and alternative assets including wealth tech, neobanks, registered investment advisers and alternative trading systems.

“The vision for Prime Trust was always clear – take the pain out of innovating in financial services. This round of funding will accelerate our ability to keep up with the needs of fintech innovators across a huge variety of applications in payments and alternative assets,” said Tom Pageler, CEO of Prime Trust.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

July 29, 2021

FamPay partners with Visa to launch India’s first Doodle card

Read More
Next Article

July 29, 2021

Paysafe appoints Mark Brooker as Non-Executive Board Director

Read More

IBSi Prime News

Week roundup

October 18, 2021


The Monday Roundup: what we are watching this week

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


TradingView hits $3b valuation with $298m investment

Read More


Commercial Bank of Dubai and Infinios announce strategic partnership

Read More


Westerra Credit Union partners with Backbase to transform members’ digital experience

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
Market Reports
US Financial Services Technology Report 2021

£1,500 / year

Know More
Retail Banking
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Wholesale Banking
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More