The round was led by Accel, with participation from existing investors including Balderton.
Balderton led Primer's Seed round in May 2020. Primer, the low-code payments infrastructure and online checkout API, was founded by ex-PayPal employees, Paul Anthony and Gabriel Le Roux in January of this year. Over just a few months, the team has expanded to 23 employees across six countries, having gained significant traction amongst mid-market and large enterprise e-commerce merchants across Europe.
Merchants have increasingly sophisticated needs from a payments sector that is fragmented and complex. Primer enables e-commerce merchants and online payments facilitators to connect and maintain their entire payments ecosystem through a unified, best-in-class payments API and checkout. These connections can include payment service providers (PSPs), payment methods, fraud providers, chargeback services, subscription billing engines, Bl tools, loyalty and rewards platforms.
During our time at PayPal, we saw firsthand the technical burden online merchants face trying to offer the best payments experiences to their customers globally. Our low-code approach enables merchants' payments teams to manage and expand their payments ecosystems, and maintain sophisticated payments logic with a familiar workflow Ul. 
