Chat with us, powered by LiveChat
  • About
  • Terms of Use
  • Privacy & Policy
  • Cookie policy
  • “[email protected]”.
USTechTimes, Magazine & Review WordPress Theme 2017
  • Home
  • topics
    • All
    • AgTech
    • AI
    • Analytics
    • AR/VR
    • Biotech
    • Blockchain
    • Cars / autonomous vehicles
    • Clean tech / environment
    • Cloud infrastructure
    • Cryptocurrency
    • Data services
    • Developer tools
    • E-commerce
    • Education
    • Energy tech
    • Enterprise
    • Entertainment & sports
    • Security
    GreenFire Energy secures funding from French multinational company Vallourec

    GreenFire Energy secures funding from French multinational company Vallourec

    Rivian may become the biggest U.S.  market entrant on the IPO list this year

    Rivian gets a $1.5 billion incentive from the government for its manufacturing plant in Georgia

    Disney’s Ex-CEO invests and joins metaverse company Genies

    Disney’s Ex-CEO invests and joins metaverse company Genies

    Rakuten Symphony to acquire Robin.io for an undisclosed amount

    Rakuten Symphony to acquire Robin.io for an undisclosed amount

    Trending Tags

      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Consumer health & fitness
      • Consumer products
      • Cryptocurrency
      • Data services
      • Developer tools
      • Distributed workforce
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Fashion
      • Fintech
      • Food and beverage
      • Games
      • Gaming/eSports
      • Govtech
      • Hardware
      • Health & hospital services
      • Health IT
      • Human capital
      • Impact
      • Insurance
      • IoT
      • Local commerce
      • Lodging/hospitality
      • Logistics
      • Manufacturing
      • Marketing automation
      • Marketplaces
      • Material science
      • Media/content
      • Medical devices
      • Messaging
      • Network infrastructure
      • Parenting/families
      • Payments
      • Pharmaceuticals
      • Real estate/proptech
      • Retail
      • Robotics
      • SaaS
      • Sales and CRM
      • Security
      • SMB software
      • Social commerce
      • Social mobile
      • Space
      • Gaming/eSports
      • Travel
      • Games
    • Interview
    • Venture Capital
    No Result
    View All Result
    • Home
    • topics
      • All
      • AgTech
      • AI
      • Analytics
      • AR/VR
      • Biotech
      • Blockchain
      • Cars / autonomous vehicles
      • Clean tech / environment
      • Cloud infrastructure
      • Cryptocurrency
      • Data services
      • Developer tools
      • E-commerce
      • Education
      • Energy tech
      • Enterprise
      • Entertainment & sports
      • Security
      GreenFire Energy secures funding from French multinational company Vallourec

      GreenFire Energy secures funding from French multinational company Vallourec

      Rivian may become the biggest U.S.  market entrant on the IPO list this year

      Rivian gets a $1.5 billion incentive from the government for its manufacturing plant in Georgia

      Disney’s Ex-CEO invests and joins metaverse company Genies

      Disney’s Ex-CEO invests and joins metaverse company Genies

      Rakuten Symphony to acquire Robin.io for an undisclosed amount

      Rakuten Symphony to acquire Robin.io for an undisclosed amount

      Trending Tags

        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Interview
      • Venture Capital
      No Result
      View All Result
      USTechTimes - Leading Startup and Technology News in the United States
      No Result
      View All Result
      Home Fintech

      Financial infrastructure innovator Prime Trust raises $100 million in its Series B

       58 total views,  1 views today

      USTechTimes Editor by USTechTimes Editor
      June 23, 2022
      Financial infrastructure innovator Prime Trust raises $100 million in its Series B
      Share on FacebookShare on Twitter

      Financial infrastructure innovator Prime Trust has raised over $100 million in a Series B funding round. The API based financial infrastructure for fintech and digital asset innovator, Prime Trust till date has raised around $170 million in funding including the current round. A mix of existing and new investors participated in the financing round.

      Some companies that participated in the round were FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures.

      The startup offering core financial service APIs and plug-and-play widgets facilitating companies to launch in an instant is currently the leader in this category for its efficient services being provided to some of the world’s leading crypto exchanges, on ramps, wallets, banks and neobanks.

      “This strategic investment will provide critical operational expertise to further scale Prime Trust into new offerings, including wealth products, as well as Web 3 and Defi products,” said Tom Pageler, CEO of Prime Trust.

      “We’ve seen an unprecedented shift toward greater acceptance of digital assets among wealth managers and RIAs and, to that end, we launched the Prime Trust Crypto IRA, the first IRA solution with seamless, single API integration. Our strategic investor relationships will enable us to continue to expand into new markets and deepen our commitment to helping our fintech and crypto clients to build and scale quickly, securely, and compliantly,” he added.

      The startup aims to accelerate the adoption of cryptocurrency

      The startup recently earned the SOC 2 Type 2 certification for managing customer data and seeks to increase the adoption of cryptocurrency at a global level. The certificate uses an auditing procedure that ensures a service provider securely contains data around the five criteria of security, availability, processing integrity, confidentiality, and privacy.

      “Prime Trust has continued to hit hyper growth this past year despite the market volatility in the fintech and digital asset markets. With the company doubling revenue the last four years in a row, investor enthusiasm around Prime Trust has been extremely high and continues to outpace expectations,” said Rodrigo Vicuna, CFO of Prime Trust.

      The startup supports some world’s largest brands, such as Swan, Abra, Dapper Labs and Binance US. The company will use the fresh funding of $100 million to continue investing in its products, services, and infrastructure to serve its global client base.

      “FIS believes strongly in fostering a culture of innovation within our organization and the broader fintech community. Investing in an emerging leader in the Web 3 space is just one of the many ways FIS is accelerating fintech innovations for organizations of all sizes,” said Rob Lee, President, FIS Impact Ventures.

      What’s your thoughts?
      +1
      0
      Upvote
      +1
      0
      Clap
      +1
      0
      Clap
      +1
      0
      On fire
      +1
      0
      Meh
      +1
      0
      Clap
      +1
      0
      Facebook Twitter Email

      Related Posts

      • California-based codeless AI infrastructure provider Pixis secures $100 million

        California-based tech startup Pixis, which provides codeless AI infrastructure to enable customers to scale accurate…

      • Cloudflare to acquire Area 1 Security for $162 million to strengthen its email security

        San Francisco-based security and performance services vendor Cloudflare has agreed to purchase Area 1 Security…

      • Bison Trails
        Blockchain Infrastructure Provider Bison Trails Bags $25.5m in Series A

        New York City-based Bison Trails, a technology company that provides secure, enterprise-grade infrastructure for multiple…

      Tags: CryptocurrencyFintechfundinginvestment
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      Related Posts

      Mobility commerce platform Metropolis Technologies bags $167 million in its Series B round
      Artificial Intelligence

      Mobility commerce platform Metropolis Technologies bags $167 million in its Series B round

      June 16, 2022
      Software and payment company SpotOn nets $300 million for technology development
      Fintech

      Software and payment company SpotOn nets $300 million for technology development

      May 20, 2022
      Fintech platform Jeeves raises $180 million Series C at $2.1 billion valuation within one year of launch
      Fintech

      Fintech platform Jeeves raises $180 million Series C at $2.1 billion valuation within one year of launch

      March 23, 2022
      Fintech platform Knock ditches IPO plans, hands pink slip to half its workforce
      Fintech

      Fintech platform Knock ditches IPO plans, hands pink slip to half its workforce

      March 17, 2022
      Four years into existence Esusu turns unicorn with $130 million infusion from SoftBank
      Fintech

      Four years into existence Esusu turns unicorn with $130 million infusion from SoftBank

      January 29, 2022
      Mortgage startup Tomo adds jumbo loans to its product portfolio
      Fintech

      Mortgage startup Tomo adds jumbo loans to its product portfolio

      January 27, 2022
      No Result
      View All Result

      Follow Us

      FREE NEWSLETTER

       

      PRODUCTS

      USTechTimes – Leading Startup and Technology News in the United States

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

      More from our network


      • ktd

      • atd

      • itd

      • ktt

      • kgd

      • kpp

      • ktp

      • kpoppost

      • ustechtimes

      Categories

      • Accelerator
      • Animation
      • Apple
      • Applications
      • Artificial Intelligence
      • Advertising
      • AgTech
      • AI
      • Analytics
      • AR/VR

      Tags

      funding Fintech AI Cybersecurity Artificial Intelligence COVID-19 SpaceX Robotics investment South Korea
      • About
      • Terms of Use
      • Privacy & Policy
      • Cookie policy
      • “press@ustechtimes.com”.

      © 2021 ustechtimes.com

      No Result
      View All Result
      • Home
      • topics
        • Advertising
        • AgTech
        • AI
        • Analytics
        • AR/VR
        • Biotech
        • Blockchain
        • Cars / autonomous vehicles
        • Clean tech / environment
        • Cloud infrastructure
        • Consumer health & fitness
        • Consumer products
        • Cryptocurrency
        • Data services
        • Developer tools
        • Distributed workforce
        • E-commerce
        • Education
        • Energy tech
        • Enterprise
        • Entertainment & sports
        • Fashion
        • Fintech
        • Food and beverage
        • Games
        • Gaming/eSports
        • Govtech
        • Hardware
        • Health & hospital services
        • Health IT
        • Human capital
        • Impact
        • Insurance
        • IoT
        • Local commerce
        • Lodging/hospitality
        • Logistics
        • Manufacturing
        • Marketing automation
        • Marketplaces
        • Material science
        • Media/content
        • Medical devices
        • Messaging
        • Network infrastructure
        • Parenting/families
        • Payments
        • Pharmaceuticals
        • Real estate/proptech
        • Retail
        • Robotics
        • SaaS
        • Sales and CRM
        • Security
        • SMB software
        • Social commerce
        • Social mobile
        • Space
        • Gaming/eSports
        • Travel
        • Games
      • Interview
      • Venture Capital

      © 2021 ustechtimes.com