Prime Belief Secures Roughly $100 Million in Collection B Funding

by Cryptospacey

Prime Belief, one of many distinguished suppliers of economic infrastructure, introduced yesterday that it has raised greater than $100 million in its Collection B funding spherical. A number of the buyers who participated within the newest funding spherical embrace FIS, Fin Capital, Mercato Companions, Kraken Ventures, Commerce Ventures, William Blair & Firm and Seven Peaks Ventures.

With the Collection B spherical of greater than $100 million, Prime Belief has now secured a complete of over $170 million in funding. The brand new capital will assist the corporate within the growth of its services and products, together with the introduction of Crypto IRA, Wealth and Staking merchandise.

Commenting on the newest funding announcement, Tom Pageler, the CEO of Prime Belief, mentioned: “This strategic funding will present important operational experience to additional scale Prime Belief into new choices together with wealth merchandise, in addition to Net 3 and DeFi merchandise. We have seen an unprecedented shift towards higher acceptance of digital belongings amongst wealth managers and RIAs and, to that finish, we launched the Prime Belief Crypto IRA, the primary IRA resolution with seamless, single API integration.”

As well as, the funding will assist Prime Belief enhance its capability to assist tokenized merchandise. The corporate has greater than 700 fintech and digital asset shoppers.

Progress

Since its Collection A funding spherical in July 2021, Prime Belief has elevated its operations. Within the first half of 2022, Prime Belief introduced the debut of its modern Crypto IRA beta merchandise.

“Prime Belief has continued to hit hyper progress this previous yr regardless of the market volatility within the fintech and digital asset markets,” mentioned Rodrigo Vicuna, the CFO of Prime Belief. “With the corporate doubling income the final 4 years in a row, investor enthusiasm round Prime Belief has been extraordinarily excessive and continues to outpace expectations.”

The total launch of Prime Belief’s Crypto IRA is anticipated later this yr.

Prime Belief, one of many distinguished suppliers of economic infrastructure, introduced yesterday that it has raised greater than $100 million in its Collection B funding spherical. A number of the buyers who participated within the newest funding spherical embrace FIS, Fin Capital, Mercato Companions, Kraken Ventures, Commerce Ventures, William Blair & Firm and Seven Peaks Ventures.

With the Collection B spherical of greater than $100 million, Prime Belief has now secured a complete of over $170 million in funding. The brand new capital will assist the corporate within the growth of its services and products, together with the introduction of Crypto IRA, Wealth and Staking merchandise.

Commenting on the newest funding announcement, Tom Pageler, the CEO of Prime Belief, mentioned: “This strategic funding will present important operational experience to additional scale Prime Belief into new choices together with wealth merchandise, in addition to Net 3 and DeFi merchandise. We have seen an unprecedented shift towards higher acceptance of digital belongings amongst wealth managers and RIAs and, to that finish, we launched the Prime Belief Crypto IRA, the primary IRA resolution with seamless, single API integration.”

As well as, the funding will assist Prime Belief enhance its capability to assist tokenized merchandise. The corporate has greater than 700 fintech and digital asset shoppers.

Progress

Since its Collection A funding spherical in July 2021, Prime Belief has elevated its operations. Within the first half of 2022, Prime Belief introduced the debut of its modern Crypto IRA beta merchandise.

“Prime Belief has continued to hit hyper progress this previous yr regardless of the market volatility within the fintech and digital asset markets,” mentioned Rodrigo Vicuna, the CFO of Prime Belief. “With the corporate doubling income the final 4 years in a row, investor enthusiasm round Prime Belief has been extraordinarily excessive and continues to outpace expectations.”

The total launch of Prime Belief’s Crypto IRA is anticipated later this yr.

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