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Payments aggregator Primer has announced that it has received £14 million ($18.6 million) in funding in a Series A round led by Accel. This latest investment comes just weeks after the launch of Primer’s platform and brings the company’s fundraising total to $23.8 million. Primer has said that it will use the funding for business development and to scale its products and engineering organisation.
Following a previous strategic investment in YellowPepper in May 2018 and a March 2020 collaboration on a real-time P2P system in Peru, Visa has announced that it is to acquire payments technology company YellowPepper. YellowPepper offers mobile banking and payment solutions to FIs across nine Latin American markets and provides APIs to enable payment flows from multiple rails through a single connection. The deal will broaden Visa’s reach across Latin America and the Caribbean through YellowPepper’s platform as well as leveraging its large customer base of 5 million active monthly users and 50 commercial clients.
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