By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Ex-PayPal execs score sweet cash from Tencent to make payments prime
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
e-CommerceFintech

Ex-PayPal execs score sweet cash from Tencent to make payments prime

Khazik Yaqoob
Last updated: February 12, 2024 1:51 pm
Khazik Yaqoob
Share
3 Min Read
SHARE

Contents
The Big Win: Tencent Invests in PrimerRevolutionizing Online PaymentsCapitalizing on Tencent’s SupportA Strategic Approach to Market ExpansionFrom PayPal to Global Commerce DominatorsA Challenger for Shopify

Cha-ching! Primer, the commerce platform started by former PayPal bigwigs, just scored an undisclosed wad of cash from Chinese tech whale Tencent.

The Big Win: Tencent Invests in Primer

In a significant financial move, Primer, the commerce platform founded by former PayPal executives, has secured a substantial investment from Chinese tech giant Tencent.

This undisclosed injection of funds is set to reshape the landscape of e-commerce.

Revolutionizing Online Payments

Primer, a UK-based startup, is on a mission to redefine the payment and checkout experience for online merchants.

Their vision encompasses seamless integration, amplified conversion rates, and robust fraud protection, catering to the essential needs of e-commerce businesses.

Capitalizing on Tencent’s Support

With Tencent’s significant financial backing, Primer is preparing for an explosive global expansion.

Their focus is on establishing a deeper foothold in the Asia-Pacific region and enhancing their range of product offerings.

A Strategic Approach to Market Expansion

Gabriel Le Roux, a co-founder of Primer, emphasizes the strategic nature of their support for merchants looking to enter new markets.

This strategy undoubtedly involves aligning with financial giants like Tencent, renowned for their substantial investments.

From PayPal to Global Commerce Dominators

Founded in 2020 by former PayPal executives Le Roux and Paul Anthony, Primer has already demonstrated its ability to secure substantial investments, having received $50 million from Iconiq Capital last year.

However, this is just the beginning of their quest for global commerce domination. With Tencent’s financial support, Primer is poised to make the checkout process so effortless that shoppers won’t hesitate to complete their transactions.

A Challenger for Shopify

Primer’s aspirations are crystal clear: they aim to lead the world of online commerce payments. With the financial might of Tencent backing their global ambitions, contenders like Shopify may face a formidable rival.

The race for payments primacy is on, and Primer is all set for the journey ahead. The competition had better watch out, as Primer’s sleek commerce platform is ready to take center stage.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article It’s Dangerous To Go Alone To The Movies: Nintendo Announces Live-Action Zelda Film
Next Article Alibaba’s 11.11 Sale Set for Record Participation

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

FAANG

Andy Jassy’s Amazon Revival: Wooing Wall Street and Trimming the Fat

July 15, 2024
VC

Kaya Founders Raises $18M to Boost Philippine Startups

March 22, 2024
Social Media

TikTok Set to Launch Instagram Rival App, Potentially Named “TikTok Notes”

April 11, 2024
Accelerators

Y Combinator Doubles Down on Startup Acceleration

September 18, 2024
Media

Substack Launches Direct Messaging Feature

March 6, 2024
FAANG

Apple’s Foldable MacBook: A Pricey Yet Groundbreaking Innovation

June 4, 2024
ClimateVC

Jejakin Secures $2.7M to Combat Climate Crisis in Indonesia

May 16, 2024
Accelerators

Y Combinator Anchors in San Francisco’s Pier 70 Shipyard

April 9, 2024
Crypto & Web3

Terraform Labs Files for Bankruptcy After Luna Collapse

February 12, 2024
CreatorsStartups

Hunter Hammonds says “Borrow distribution if you don’t have it”

February 17, 2024
SaaS

Figma’s Acquisition by Adobe Fell Through… What Does This Mean?

February 21, 2024
Startups

LinkedIn’s Top 10 Singapore Startups: 2024 Edition

October 2, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?