Mercury is a bank for startups, engineered in Silicon Valley for tech companies. Founded by Immad Akhund and Jason Zhang, Mercury is backed by investors that include Andreessen Horowitz, CRV, Kevin Durant, Ryan Petersen, and Scott Belsky and is headquartered in San Francisco.
The anger and confusion caused when a US-based company froze the accounts of some of its African clients provides a cautionary tale for fintechs about taking compliance measures seriously.
Fintech Mercury shifts into venture lending after tapping Silicon Valley Bank talent bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Mercury, a well-funded, three-year-old startup that offers a host of banking services to startups, is today rolling out a new offering for its customers: venture debt. The idea is to loan out $200 million this year and up to $1 billion next year to startups that have already raised $2 million in funding from at […]