Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months

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Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months

Immad Akhund, CEO and co-founder of the startup Mercury. Courtesy: Mercury Technologies Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a …

Immad Akhund, CEO and co-founder of the startup Mercury. Courtesy: Mercury Technologies Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively. That valuation is 49% higher than the San Francisco-based company's previous funding round just 14 months ago, bucking the downturn facing much of the fintech sector. …

Original source: CNBC Top News

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