SynopsisThe round also saw participation from existing investors such Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital and Spark Capital.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.The company, which was set up to serve technology startups, also said it has achieved four consecutive years of profitability on a GAAP net income as well as EBITDA basis. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Mercury's latest funding round values it at $5.2 billion - The Economic Times
The round also saw participation from existing investors such Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital and Spark Capital.
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