Fundz

Fintech Primary raised $3.5 million in a Seed round led by Carthona Capital to help SMEs access better banking options.

PRIVATESep 18, 2024

Amount Raised

$3.5 Million

Round Type

Seed

SydneyFinancial ServicesFinanceFintechLendingBanking

Investors

Resolution VenturesAri Klinger’s No BrandAfter Work VenturesArchangelMacdoch VenturesCarthona Capital

Description

Primary has secured $3.5 million in Seed funding aimed at enhancing cash management for small businesses. The investment will enable the company to provide improved financial products and services to its clients.

Quick answer

Primary raised $3.5 Million in a Seed round, dated September 18, 2024. Investors: Resolution Ventures, Ari Klinger’s No Brand, After Work Ventures, Archangel, Macdoch Ventures and Carthona Capital. Primary is based in Sydney, New South Wales, Australia.

How much did Primary raise?
Primary raised $3.5 Million in a Seed round on September 18, 2024.
Who invested in Primary?
Resolution Ventures, Ari Klinger’s No Brand, After Work Ventures, Archangel, Macdoch Ventures and Carthona Capital are named as investors in this round.
What does Primary do?
Primary is a cash management fintech founded in 2022 that focuses on helping small businesses and startups access low-risk, high-interest financial products.
Where is Primary based and how big is it?
Primary is based in Sydney, New South Wales, Australia.
Who are the decision-makers at Primary?
Fundz holds 1 contact at Primary. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Primary that raised within 45 days of this round, from Fundz verified event records.

  • Agent Banking Company raised an undisclosed amount on October 12, 2024.
  • GBank Financial Holdings raised $20M on October 11, 2024.
  • Qist Bazaar raised $3.2M (Series A) on September 23, 2024.
  • Aye Finance raised $30M (Series G) on September 20, 2024.
  • Veritas Finance raised $29M (Funding Round) on September 9, 2024.
  • Green Dot raised $65M on September 6, 2024.

Who to call at Primary, and when

A new round usually means Primary is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Primary

Location

Sydney, New South Wales, Australia

About

Primary is a cash management fintech founded in 2022 that focuses on helping small businesses and startups access low-risk, high-interest financial products. With over $150 million of funds under administration, Primary aims to improve the returns on available capital for its customers. The company emphasizes the importance of providing better interest rates for deposits compared to traditional business banks. Primary's strategies enable SMEs to safeguard their treasury while optimizing their cash for growth.

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Primary raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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