What is Prime Trust?
Prime Trust offers an all-in-one financial infrastructure API platform designed to empower fintech innovators. Their robust suite of services includes custody, payment rails, liquidity management, settlement, indemnity, compliance, and issuance capabilities. By providing these foundational elements, Prime Trust enables businesses to build and scale sophisticated financial products and services efficiently. The company's strategic location in Las Vegas, Nevada, positions it within a dynamic business environment, facilitating its mission to streamline financial operations for its clients.
How much funding has Prime Trust raised?
Prime Trust has raised a total of $171.3M across 3 funding rounds:
Debt
$350K
Series A
$64M
Series B
$107M
Debt (2020): $350K with participation from PPP
Series A (2021): $64M led by Nationwide, Mercato Partners, and Samsung NEXT
Series B (2022): $107M supported by FIS Global, Mercato Partners, and Fin Capital
Key Investors in Prime Trust
FIS Global
FIS Global, a publicly traded financial technology giant, specializes in banking infrastructure, payment processing, and capital markets technology, providing mission-critical solutions across the global financial services ecosystem.
Mercato Partners
Mercato Partners Acquisition Corporation, a company focused on business combinations, particularly in the technology or branded consumer products sectors, participates in strategic funding rounds.
Fin Capital
Fin Capital, a family-owned property company, is noted for its long-term investment approach in commercial properties, though its participation here suggests a broader investment strategy.
What's next for Prime Trust?
The recent major strategic investment in Prime Trust signals a strong confidence in the company's future growth and its capacity to further innovate within the fintech infrastructure sector. This capital infusion is expected to accelerate product development, expand market reach, and enhance the company's technological capabilities. As Prime Trust continues to scale, its focus will likely remain on strengthening its API platform, forging new partnerships, and solidifying its position as a critical enabler for the next generation of financial technology solutions. The company's enterprise-level funding context suggests a move towards broader market penetration and potentially new service offerings.
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