Prime Trust Raises Over $100M in Series B Funding
Prime Trust, a Las Vegas, Nevada-based provider of financial infrastructure for fintech and digital asset innovators, raised over $100m in its Series B funding round. Backers included FIS Impact Ventures, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures. The company, which has raised more than $170m in total funding to date, intends to use the funds to expand operations and its development efforts to:
- Launch new products like the Crypto IRA, Wealth and Staking products
- Enhance their ability to support tokenized products
- Increase investment in the stability and security of the Prime Trust Platform
Led by Tom Pageler, CEO, Prime Trust provides fintech and digital asset innovators with financial infrastructure. Through a full suite of APIs, the company enables clients to launch, and scale securely. Regulated by the State of Nevada, it processes hundreds of millions of API calls per month serving nearly 700 fintech and digital asset clients.