Pryme, the UK-headquartered fintech building a financial operating system for the globally mobile generation, has signed a £10 million ($13m equivalent)n investment termsheet with Black Water Fund as part of its ongoing £30 million raise (equivalent of $38m). The investment signals strong confidence in Pryme’s mission to enable a truly borderless financial life for freelancers, small businesses, and digital-first entrepreneurs navigating cross-border challenges.
Pryme is purpose-built to address the structural gaps faced by modern global earners. Its platform combines multi-currency banking for seamless international payments, embedded credit to fuel business growth, AI-powered insights to manage cash flow and operations, and integrated tools like invoicing and ERP systems—all within a single, connected ecosystem. By blending intelligent infrastructure with practical financial tools, Pryme is not just enabling payments; it is building the rails for global business.
The company’s story began in 2016 as a small e-commerce venture launched from a faulty Samsung tablet in Africa. Recognizing the demand for more inclusive financial tools, Pryme introduced its prepaid card—OjirehPrime—which grew organically to 40,000 users. In 2020, Pryme acquired a licensed microfinance bank, and by 2022 launched its mobile app. It has since relocated its global headquarters to the United Kingdom and rebuilt its core infrastructure to deliver multi-currency banking at scale.
Today, Pryme stands at an inflection point. The new capital will support its product expansion, deepen regulatory readiness in strategic markets, and scale its footprint in the UK and North America. As part of this strategy, Pryme is finalizing the acquisition of an IPO-ready enterprise management platform in Canada to fast-track its North American entry. The acquisition will strengthen its B2B and B2C capabilities, enhance product integration, and open up new revenue channels across multiple currencies and jurisdictions.
The £10 million investment from Black Water Fund is contingent on the successful close of the full £30 million round, which is actively in progress. Pryme’s momentum is driven by a clear understanding of its users—modern businesses and freelancers operating without borders. With strong product-market fit, a growing user base, and a platform built for scale, Pryme is shaping the future of global finance.
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