British fintech PrimaryBid close to finalising $150 million funding from SoftBank - Sky News

British fintech PrimaryBid close to finalising $150 million funding from SoftBank - Sky News
By Reuters
Share this articleComments
Share this articleClose Button

- British fintech company PrimaryBid is close to finalising the details of a $150 million funding round led by SoftBank's Vision Fund II, Sky News reported on Saturday.

The Series C fund-raising was likely to value the company at more than $500 million on a pre-money basis, Sky News said, citing sources.

PrimaryBid's latest capital-raising will take the total sum it has raised since it was founded in 2016 to more than $200 million, the report said.

The funding from Softbank's Vision Fund II will provide PrimaryBid with "greater financial firepower" to continue its expansion beyond the UK, Sky News said.

SoftBank and PrimaryBid were not immediately available for comment outside business hours.

Share this articleComments

You might also like

Latest news bulletin | March 29th – Morning

Top UN court orders Israel to allow more aid into Gaza

Italy raises security alert level for Easter weekend following Moscow attacks