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Announced

Completed

A group of investors led a $100m Series B round in Prime Trust.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

financial technology

financial infrastructure

Completed

Private Equity

Acquisition

Minority

Venture Capital

Single Bidder

Private

FinTech

United States

Synopsis

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A group of investors including FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures and Seven Peaks Ventures led a $100m Series B round in Prime Trust, a provider of financial infrastructure for fintech and digital asset innovators. "FIS believes strongly in fostering a culture of innovation within our organization as well as within 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," Rob Lee, FIS Impact Ventures President.

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