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54 Mercury Hits $5.2 Billion Valuation After Funding Round

The Information
Michael Roddan @ The Information 2 place · today 17:08 EDT

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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