The Information — AI · · 1 min read

Mercury Hits $5.2 Billion Valuation After Funding Round

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Fintech startup Mercury said it raised $200 million at a $5.2 billion valuation shortly after receiving conditional approval from regulators for a bank license.

The neobank, led by CEO and co-founder Immad Akhund, drew investment from TCV and existing venture firms such as Andreessen Horowitz, ...

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