Mercury Valued at $5.2 Billion as It Pushes Deeper Into Banking

Banking FinTech Mercury announced it raised $200 million in a funding round that valued the company at $5.2 billion. The company’s Series D round comes as Mercury is making a push into the traditional banking sector, while also preparing a product that lets users complete financial work using artificial intelligence (AI), according to a Wednesday (May 20) news release . “AI is collapsing the friction between an idea and a company faster than anything I have seen in my career,” Mercury Co-founder