“Can a treasury orchestration layer — plus an MCP server for AI agents — become the default 'system of action' sitting over the ERP for globally-expanding growth companies?”
Primary is a Sydney-headquartered agentic treasury management platform targeting AI-native finance teams at growth companies and global funds. Rather than compete with incumbent banks, Primary sits as an orchestration layer over a customer's existing bank accounts, payment processors, ERPs, and MMFs — aggregating visibility and executing FX, sweeping and yield allocation through regulated partners (notably Ebury for FX/payments in Australia and tier-1 institutions for custody). It has leaned heavily into AI/MCP as a differentiator, exposing treasury actions to connected AI assistants under OAuth.
Primary connects to bank accounts through Plaid, Salt Edge and CDR-accredited intermediaries.
Primary uses Ebury and Corpay for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Primary's stack: Open banking (Plaid, Salt Edge and CDR-accredited intermediaries); Unified APIs (Xero and NetSuite); FX & payouts (Ebury and Corpay); Accounting (Xero and NetSuite); Treasury (Primary (self-operated), BlackRock, Macquarie, Morgan Stanley and 4 others).
Primary is founded in 2022 and headquartered in Sydney, Australia.
Get a read on where your own stack stands against Primary and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.