capital · May 20, 2026
Primer Raises $100 Million Series C Led by Sofina for AI Payments Platform
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Primer announced a $100 million Series C funding round on May 20 2026 led by Sofina with participation from Peak XV Partners. The round brings Primer's total funding to $170 million and supports an AI-enabled operating layer for global payments and finance plus US expansion. Primer plans to grow US revenue to more than one third of the business by 2028 and hire up to 50 roles in the US. CEO Gabriel Le Roux stated that every payment decision in a large business will be initiated optimized or audited by AI. Sofina Head of Digital Jean-François Burguet noted payments reach a structural turning point with merchants consolidating onto unified infrastructure.
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