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The executives behind Palmer Luckey's new digital banking startup Erebor include banking, Big Law, and tech vets

Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him. The startup, Erebor, is raising ...
Wall Street Journal

Exclusive: Fintech Banking Startup Mercury Raises $300 Million at a $3.5 Billion Valuation

Fintech banking startup Mercury says it has more than doubled its valuation to $3.5 billion after raising $300 million in its latest funding round. A portion of the funding raised will go toward a ...
The New York Times

Your Online Lender May Not Be a Bank. Here’s How to Keep Your Money Safe.

The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups. By Rob Copeland If it looks ...
TechCrunch

Fintech Mercury, whose B2B business is caught up in regulatory scrutiny, expands into consumer banking

Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. The ...