Miguel Cordon · · 1 min readTencent pumps capital into ex-Paypal execs’ Primer
Primer co-founders Gabriel Le Roux and Paul Anthony / Photo credit: Paul Anthony’s LinkedIn page
Primer, which provides a platform for online merchants to manage their payment and commerce services, has secured an undisclosed sum of investment from Chinese tech titan Tencent.
Primer said this capital injection would help the company grow its business, develop its products, as well as access Asia-Pacific markets, partnerships, and growth opportunities.
The UK-based firm allows merchants to integrate multiple payments and commerce services through a single platform. It also offers tools to improve checkout conversion and reduce payments fraud risk.
Some of the companies using Primer’s services include Zenyum, One Championship, and Tazapay.
“We take a strategic approach to supporting merchants and partners with their market expansion plans,” the company told Tech in Asia.
Primer added that it will continue to deepen its market coverage in Asia Pacific – focusing on China, Singapore, and Australia – and key markets in Europe.
Primer was founded in 2020 by former PayPal executives Gabriel Le Roux and Paul Anthony. In 2021, it raised US$50 million in a series B funding round led by Iconiq.
See also: Ex-Paypal execs’ no-code ‘app store for businesses’ eyes APAC next
Editing by Dhania Putri Sarahtika
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