Primary Portal, a leading fintech firm, has completed the first stage of its £7.5 million Series A funding round. In a recent funding round aimed at transforming equity markets through advanced digital solutions. The funding, led by a consortium of prominent investors, underscores the growing interest and confidence in digital financial innovations that promise to streamline and enhance the efficiency of capital markets.
The funding round was led by DB1 Ventures, the venture capital arm of Deutsche Börse Group, and included additional contributions from existing shareholders Dutch Founders Fund (DFF) and Flow Traders.
Over the past two decades, the distribution and execution of capital market transactions have remained largely labor-intensive. Yet, recent shifts in regulatory frameworks, technological innovations, and evolving work-life balance perspectives are driving significant changes in this arena.
Founded in 2020 by former professionals from banking and fintech, Primary Portal is a staunch advocate for the digital transformation of capital markets. The mission is to enhance the efficiency and transparency of the issuance process for all stakeholders.
Primary Portal CEO John Bentinck expressed his excitement about the new partnership with Deutsche Börse, saying, “We are thrilled to have Deutsche Börse join us as a shareholder and are eager to collaborate with them to advance connectivity and digitization in the capital markets. Their investment underscores our commitment to delivering innovative digital solutions to market participants.”
Primary Portal is a fintech company dedicated to making equity capital markets more efficient by automating the slow, manual processes involved in issuing stocks and shares. With over 20 years of experience in equity capital markets, founders John Bentinck and Ilan Leshem are focused on modernizing outdated and inefficient workflows that are still largely done by hand and prone to mistakes.
In alignment with John Bentinck views, Stefan Maassen, Head of Capital Markets & Corporates at Deutsche Börse, highlighted the strategic alignment between the two entities: “At Deutsche Börse, we believe in innovative solutions to shape capital markets and are committed to strengthening the ecosystem. By digitising communication and workflows, Primary Portal paves the way for efficient connectivity between asset managers and banks in equity issuances, improving the process for companies to raise capital. Our partnership and commitment underscore our confidence in Primary Portal, its hard-working team and the European equity market.”
Primary Portal’s platform aims to address several inefficiencies in the current equity issuance process. Traditionally, this process has been fraught with manual tasks, lack of transparency, and delays. The startup’s digital solution promises to automate and simplify these procedures, reducing the time and cost associated with equity issuance. By providing a centralized, digital hub for all stakeholders, Primary Portal seeks to make the primary markets more accessible and efficient.
This expansion includes enhancing the connectivity between asset managers’ order management systems and banks, which will enable straight-through processing of capital markets transactions for the first time. Furthermore, Primary Portal is set to advance its analytical data solutions, providing state-of-the-art, AI-driven analytics tools to its clients.
Primary Portal is collaborating with banks and asset managers to develop and implement infrastructure solutions that streamline equity issuance and automate traditionally manual and time-consuming tasks.
The contributions to the equity issuance process include Providing digital and structured data that integrates seamlessly with the existing systems, Standardizing deal information for consistency, offering a single, reliable source of deal data directly from banks, delivering real-time information and a comprehensive overview of market activity and automating manual processes to improve efficiency.
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