Primer: Fintech startup CEO steps down, cofounder to lead company

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The cofounder of Iconiq-backed fintech Primer is stepping down as CEO, leaked memo shows

The startup, founded in 2020, has raised $73 million from investors including Accel.The cofounder of Primer, a three-year-old fintech backed by the likes of Iconiq Capital and Accel, is leaving his role as co-CEO.

Primer, which has raised $73 million from investors to date, is a payments processing startup that offers low-code payments infrastructure. It also enables retailers to integrate payment options like Apple Pay and Klarna into their checkouts. Le Roux confirmed the organizational restructure and said it was a"reflection of the state of the business today."

"Gabs is stepping into the role of sole CEO, where he'll better align product and commercial teams to further strengthen our position ."

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