#PayTech / Former Paypal execs raise £14m for start-up venture Primer

The start-up consolidates merchants payments stacks using low-code and an online checkout application programme interface (API).

In other words, it allows businesses to switch between payment service providers (PSPs), payment methods, fraud providers, chargeback services, subscription billing engines and rewards. As well as test new services. But all without touching any code themselves.

It calls itself a “Zapier for payments”.

The start-up says it will use the latest funding to fuel international business development and scale its “remote-first” team. It already claims to have conducted technical research with 80 of “the world’s largest merchants” prior to its launch.