# Prime Trust

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prime-trust

- Industry: Financial Services
- Headquarters: US
- Website: www.primetrust.com
- Total disclosed funding: $171M
- Latest round: Series B (Jun 22, 2022)
- Investors on record: 19

## About

Founded in 2016 and based in Nevada, US, Prime Trust LLC develops a platform that provides online solutions allowing financial institutions to build online Fintech services and manage various cash and non-cash assets. The company was founded by its CEO, Scott Purcell. Mr. Tom Pageler also serves as the co-CEO of Prime Trust LLC. In July 2021, Prime Trust LLC received its latest funding from a group of investors that includes Mercato Partners, Nationwide, and Commerce Ventures. 

The company offers a platform that allows users to create and build online Fintech services. It can hold different assets from USD and other fiat currencies, other digital assets, to real estate, and public and private securities. The platform can support various payment methods and enables integrators to offer crypto-to-fiat trading pairs. It can also transfer any asset between your Prime Trust accounts, or to any customer on other networks, provide chargeback indemnity for credit and debit transactions and return predictive transaction approvals. It also offers Prime Issuance, a white label debit card issuance program that enables integrators to provide their customers with easy access to their custodial balances at Prime Trust via debit cards.

The company's revenue is generated by the sales of the transactions held across its platform.

The company will use the latest funding to add systems and personnel to contribute to its expansion.

## Funding rounds

- Series B, Jun 22, 2022, $107M — Chicago Growth Partners, William Blair & Company, Mercato, Commerce Ventures, Seven Peaks Ventures, Gaingels, FIS Global, University Growth Fund, Fin Capital, GateCap Ventures, Kraken Ventures, Decasonic
- Series A, Jul 28, 2021, $64M — Mercato, Commerce Ventures, Seven Peaks Ventures, Stereo Capital, Samsung NEXT Ventures, Nationwide Ventures, University Growth Fund, Ayon Capital, s20 Capital, Diverse Angels, Shikho Technologies Bangladesh Ltd

## Investors

- Mercato (https://capitalatlas.ai/funds/mercato) — Series A, Series B
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A, Series B
- Seven Peaks Ventures (https://capitalatlas.ai/funds/seven-peaks-ventures) — Series A, Series B
- Stereo Capital (https://capitalatlas.ai/funds/stereo-capital) — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series A
- University Growth Fund (https://capitalatlas.ai/funds/university-growth-fund) — Series A, Series B
- Ayon Capital (https://capitalatlas.ai/funds/ayon-capital) — Series A
- s20 Capital (https://capitalatlas.ai/funds/s20-capital) — Series A
- Diverse Angels (https://capitalatlas.ai/funds/diverse-angels) — Series A
- Shikho Technologies Bangladesh Ltd — Series A
- Chicago Growth Partners (https://capitalatlas.ai/funds/chicago-growth-partners) — Series B
- William Blair & Company — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- FIS Global — Series B
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series B
- GateCap Ventures (https://capitalatlas.ai/funds/gatecap-ventures) — Series B
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Series B
- Decasonic (https://capitalatlas.ai/funds/decasonic) — Series B