Prime Trust

Las Vegas, United States Founded: 2004 • Age: 22 yrs
Cloud-based AML and banking API solutions are provided for institutions.
Annual revenue - Latest available
Total funding $171.2M 3 rounds
Employees 84 Tracked headcount
Investors 18 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About Prime Trust

Prime Trust is a company based in Las Vegas (United States) founded in 2004. Prime Trust has raised $171.22 million across 3 funding rounds from investors including FIS, Nationwide and Mercato Partners. The company has 84 employees as of December 31, 2021. Prime Trust has completed 1 acquisition, including FundAmerica. Prime Trust operates in a competitive market with competitors including Zeta, Signifyd, Tink, Onfido and ThreatMetrix, among others.

  • Headquarter Las Vegas, United States
  • Employees 84 as on 31 Dec, 2021
  • Sectors
    Technology
    Industrial Goods & Manufacturing Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Prime Trust, Llc
Operational Areas
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Industrial Goods & Manufacturing → Security, Surveillance & Safety Systems Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Cybersecurity & Privacy Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $171.22 M (USD)

    in 3 rounds

  • Latest Funding Round
    $107.22 M (USD), Series B

    Jun 22, 2022

  • Investors
    FIS

    & 17 more

  • Employee Count
    84

    as on Dec 31, 2021

  • Investments & Acquisitions
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People of Prime Trust

Headcount 200-500
Employee Profiles 18
Employee Profiles
People
Philip Lachapelle
President / Chief Operating Officer / Director
People
Michael Smith
Chief Operating Officer
People
Nathan Rivera
Account Manager - Variable Customer Operations
People
Melissa Ryken Westhoff
Vp, Senior Trust Officer

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Funding Insights of Prime Trust

Prime Trust has successfully raised a total of $171.22M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $107.22 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Prime Trust

Prime Trust has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include FIS, Nationwide and Mercato Partners.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm focused on fintech and B2B SaaS companies
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Growth-stage investments in consumer tech are managed.
Locked Locked Locked
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Locked Locked Locked
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Investor details for Prime Trust

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  • Investor domains
  • Investor locations
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Investments & Acquisitions by Prime Trust

Prime Trust has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FundAmerica.

Investments
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Investment portfolio details for Prime Trust

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Technological solutions for crowdfunding portals and professionals are provided.
Locked Locked 2011 Locked
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Complete acquisition details for Prime Trust

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Financial Statements - Prime Trust

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Detailed financials for Prime Trust

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Prime Trust Comparisons

Prime Trust Primary company
Description
Cloud-based AML and banking API solutions are provided for i...
Location
Las Vegas, United States
Founded Year
2004
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
84
As of 2021
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Peer comparison for Prime Trust

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Competitors of Prime Trust

Prime Trust operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Signifyd, Tink, Onfido and ThreatMetrix, among others.

Company Name Domain Founded year HQ Location Description
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Payment and banking solutions are provided to users and banks.
Locked Locked Locked
Provider of fraud prevention and payment validation for online retailers
Locked Locked Locked
Tink is recognized as a leading European open banking platform.
Locked Locked Locked
Identity verification solutions are provided, including document and biometric authentication.
Locked Locked Locked
Fraud prevention and context based authentication solution
Locked Locked Locked
AI-based fraud prevention for e-commerce payments is provided.
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Detailed competitors of Prime Trust

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Latest news on Prime Trust

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Complete news archive for Prime Trust

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Frequently Asked Questions about Prime Trust

Prime Trust was founded in 2004 and raised its 1st funding round 15 years after it was founded.

Prime Trust is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.

Tom Pageler is the current CEO of Prime Trust.

Prime Trust is a funded company, having raised a total of $171.22M across 3 funding rounds to date.

As of Dec 31, 2021, the latest employee count at Prime Trust is 84.

Prime Trust was founded in 2004 and is headquartered in Las Vegas, United States. Operations focus on the fintech sector, delivering cloud-based solutions for anti-money laundering (AML) compliance and banking API management. Services include customer onboarding, risk assessment, fraud detection, transaction monitoring, and liquidity management for financial institutions. Key offerings encompass PrimeCore for compliance and CoinRamp tailored to crypto exchanges, supporting open banking integrations.

Prime Trust's top competitors include Zeta, Tink and Perfios.

Prime Trust has made 1 acquisition, including FundAmerica.

Prime Trust has 18 investors. Key investors include FIS, Nationwide, Mercato Partners, Fin Capital, and Kraken Ventures.

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