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
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prime Trust, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$171.22 M (USD)
in 3 rounds
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Latest Funding Round
$107.22 M (USD), Series B
Jun 22, 2022
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Investors
FIS
& 17 more
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Employee Count
84
as on Dec 31, 2021
- Investments & Acquisitions
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $107.2M
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First Round
First Round
(18 Apr 2019)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Prime Trust | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Prime Trust | Valuation | Mercato Partners | |
| Apr, 2019 | Amount | Debt – Conventional - Prime Trust | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Growth-stage investments in consumer tech are managed.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prime Trust
Prime Trust has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FundAmerica. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technological solutions for crowdfunding portals and professionals are provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prime Trust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prime Trust Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prime Trust
Frequently Asked Questions about Prime Trust
When was Prime Trust founded?
Prime Trust was founded in 2004 and raised its 1st funding round 15 years after it was founded.
Where is Prime Trust located?
Prime Trust is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Who is the current CEO of Prime Trust?
Tom Pageler is the current CEO of Prime Trust.
Is Prime Trust a funded company?
Prime Trust is a funded company, having raised a total of $171.22M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.79M, raised on Apr 18, 2019.
How many employees does Prime Trust have?
As of Dec 31, 2021, the latest employee count at Prime Trust is 84.
What does Prime Trust do?
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.
Who are the top competitors of Prime Trust?
How many acquisitions has Prime Trust made?
Prime Trust has made 1 acquisition, including FundAmerica.
Who are Prime Trust's investors?
Prime Trust has 18 investors. Key investors include FIS, Nationwide, Mercato Partners, Fin Capital, and Kraken Ventures.
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