Mercury Reaches $5.2 Billion Valuation in Latest Funding Round Targeting AI Startups
Fintech company Mercury has reached a valuation of $5.2 billion after raising $200 million, led by TCV and with participation from major investors like Andreessen Horowitz and Sequoia Capital. The firm is focusing on attracting AI-native startups as clients while preparing to launch its own chartered bank.
Topics: AI banking startups venture_capital