Mercury hits 5.2 billion dollar valuation in funding round
Mercury raised 200 million dollars at a 5.2 billion dollar valuation. The fintech firm reports 650 million dollars in revenue and targets AI-native startups.
Xurve View
Xurve View
Mercury raised $200 million at a $5.2 billion valuation on May 20 to expand its banking services for AI-native startups. The funding round, led by TCV, follows four consecutive years of GAAP net income and EBITDA profitability for the fintech. This capital injection positions Mercury to challenge legacy institutions as venture capital flows toward companies integrating artificial intelligence.
