Mercury’s latest funding round values it at $5.2 billion
Fintech firm Mercury said on Wednesday it had raised $200 million at a valuationof $5.2 billion in its latest funding round, led by investment firm TCV.
The round also saw participation from existing investors such Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital and Spark Capital.
It follows the company’s conditional approval from the Office of the Comptroller of the Currency to establish Mercury Bank, a national lender that would enable it to offer services directly to customers under full federal oversight.
