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Digital Bank Startup Mercury The $ 3.5 billion won $ 3.5 billion in preliminary and secondary finance, the company was approved on Techcrunch on Wednesday.
The assessment increases the starting assessment of the last capital when the last capital is put – $ 120 million b round In 2021, the company won $ 1.62 billion in post-money.
Sequoia, led the last round – a number of C – Along with existing support, CRV, Andreessen Horowitz and new investors in new investors and marathons. The first verification that Sequoia has become mercury since its established in 2017. Gross initial and secondary finance of Mercury, up to $ 500 million. The company said the CE of the C series and how the most secondary with Mercury CEO was second and its co-founder Immad Akhund, “Majority” is the main thing.
Mercury then plans to offer a wider worker tender.
Akhund, as well as in TechCrunch, said that the beginning has earned $ 500 million in revenue in 2024 and earns 10 profitable quarterly with the net income of both EBITDA and GAAP.
The company considers more than 200,000 companies as customers, and this has seen 40% of the client. Akhund refused to share income figures of previous years, but the amount of payment increased by 64% to $ 156 billion, he said. According to customers, Akhund, and include technological companies such as linear, phantom and oneeven; Enterprise capital firms; E-commerce companies; and a number of small businesses.
Mercury launched his first corporate credit card in 2022. The last May, Mercury, business customers presented a software to bank accounts that allow bills to pay and pay employees. These additional features Put the company in a direct competition With the Likes of Brex and Ramp, two rival fintechs for years for years for years an increasingly crowded space.
The end of this year is planning to start a mercury Consumer banking product The first first announced in April 2024.
Mercury will be obtained with the new capital, Akhund. It will also be hired. Currently, mercury has 850 employees with more than 1,000 growth plans in 2025.
Starting went in drama Baas starting with the partner bank and trust and processing Virtiarly In recent years. On March 12, Mercury announced that he decided to finish his connection to other banking partners and to relocate. Akhund, Techcrunch told Techcrunch that Mercury stopped sending new customers to develop in 2022.
The increase in Mercury’s C is believed to be the largest Fintech financing phase this year, which also prepares Klarina go out.
Reporter’s note: This article has been updated Post-Publishing by additional information and comments by Mercury’s CEO.
