News linked to both this project and an event.
fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)
OpenTrade has announced the completion of a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others. The project primarily provides institutional-grade on-chain and real-world asset-backed lending and stablecoin yield products. OpenTrade plans to use the funds to expand its permissioned and permissionless infrastructure, including the Curation+ vault curation framework, and to grow its asset management, trading, and engineering teams. OpenTrade processed over $250 million in transaction volume in 2025 and currently has a total value locked exceeding $200 million.