When was Primary founded?

Primary was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is Primary located?

Primary is headquartered in Sydney, Australia.

Is Primary a funded company?

Primary is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 18, 2024.

When was the latest funding round of Primary?

Primary's latest funding was a $***** Seed round on Sep 18, 2024, with participation from 6 investors. Its primary sector is Banking Tech. Globally, the Banking Tech sector has seen $2.31B in funding in 2026 to date.

Where does Primary rank among its competitors?

Primary ranks 36th amongst 93 active competitors, of which 10 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Round Treasury, which secured $6M in Apr, 2026.

Who are the top competitors of Primary?

Primary's top competitors include Modern Treasury, Kyriba and Round Treasury. Among them, Round Treasury secured the most recent funding round in April, 2026.

Primary - 2026 Company Profile, Funding & Competitors

Company Details

Online platform offering treasury management solutions. The platform enables organizations to optimize their technology infrastructure and improve operational efficiency.

Key Metrics

Founded Year

2022

Location

Sydney, Australia

Stage

Seed

Total Funding

$4.75M in 1 round

Latest Funding Round

Seed, Sep 18, 2024, $*****

Investors

Carthona Capital & 5 more

Ranked

36^th among 93 active competitors

Similar Companies

Modern Treasury & 102 more

View Primary's full profile

Primary has raised a total funding of $4.75M over 1 round. Its latest funding round was a Seed round on Sep 18, 2024 for $*****. 6 investors participated in its latest round. Primary has 6 institutional investors.

Here is the list of recent funding rounds of Primary:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 18, 2024	8306358	Seed	7921623	4035045	8522616	5649064

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Top competitors of Primary include Modern Treasury, Kyriba and Round Treasury. Here is the list of Top 10 competitors of Primary, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Modern Treasury 2018, San Francisco (United States), Series C	Provider of APIs to automate and manage money movement and ledgering	$183M	Altimeter Capital, Benchmark & 16 others	74/100
2nd	Kyriba 2000, San Diego (United States), Acquired	Provider of cloud-based platform for treasury, risk, payments, and working capital	$161M	IRIS, BRED Banque Populaire & 20 others	67/100
3rd	Round Treasury 2023, London (United Kingdom), Seed	Cloud-based treasury management platform	$10.7M	Alstin Capital, Passion Capital & 26 others	59/100
4th	Pelican 1993, London (United Kingdom), Acquired	Provides AI-powered solutions for payments and financial crime compliance	-	-	58/100
5th	Reval 1999, New York City (United States), Acquired	Accounting and Risk Management Software	$107M	North Bridge Venture Partners, Commonwealth Capital Ventures ... & 3 others	53/100
6th	Nordkap 2011, Stockholm (Sweden), Acquired	Treasury management software for businesses	-	NFT Ventures, Collector Bank & 2 others	52/100
7th	Cashfac 1992, London (United Kingdom), Early Stage	Cash Management Solutions provider	$11.4M	Antilla Investments, Heartwood & 18 others	48/100
8th	ESQ Data Solutions 1989, Cupertino (United States), Acquired	Enterprise ATM management solutions provider, optimizing banking operations with data-driven insights	-	-	47/100
9th	Koxa 2020, New York City (United States), Seed	Cloud-based accounting and treasury management solutions for businesses	-	Crosslink Capital, Fin Capital & 4 others	46/100
10th	Planixs 2011, Manchester (United Kingdom), Series A	Treasury management software for banks	$4.58M	BGF & 19 others	45/100
36th	Primary 2022, Sydney (Australia), Seed	Online platform offering treasury management solutions	$4.75M	Carthona Capital, Archangel & 4 others	31/100