mercury

According to CNBC, fintech company Mercury announced the completion of a new round of financing of $200 million, led by TCV, with participation from institutions such as Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management.Mercury primarily provides banking services for startups, currently serving over 300,000 clients and achieving approximately $650 million in annualized revenue. The company stated that the recent AI startup boom has significantly driven the demand for new company registrations and account openings, becoming an important driver of its growth.At the same time, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) and plans to apply for a federal banking license to expand its lending and payment network (such as Zelle) access capabilities, while reducing reliance on partner banks. The company's founder stated that the future goal remains to go public rather than being acquired.

According to The Block, London-based crypto startup OpenTrade has completed a $17 million strategic financing round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global, and others, bringing its total funding to over $30 million.OpenTrade offers on-chain and real-world asset collateralized lending and stablecoin yield products aimed at institutions, planning to use this round of funding to expand its infrastructure in both regulated and unregulated scenarios. Its products include a permissionless protocol layer and a yield vault composition framework called Curation+, which can design yield strategies across RWA and on-chain assets for fintech companies, digital banks, vaults, and asset issuers. OpenTrade claims its total locked value has surpassed $200 million, with a projected transaction volume exceeding $250 million in 2025, and is expected to accumulate over $1 billion by the end of 2026.

ChainCatcher news, according to Techfundingnews, London-based fintech infrastructure platform OpenTrade has completed a $7 million strategic funding round led by Notion Capital and Mercury Fund, with participation from AlbionVC, a16z crypto, and CMCC Global.OpenTrade enables fintech companies to directly embed real-world asset (RWA) backed stablecoin yield products into existing applications, transforming stablecoins from passive payment tools into active savings tools, with annual interest rates of up to 3-9%. Since its launch in early 2024, OpenTrade has processed over $175 million in transaction volume and manages client assets totaling $47 million, achieving an average month-over-month growth of 20% over the past six months.

ChainCatcher news, payment giant Mastercard has partnered with European crypto payment infrastructure provider Mercuryo to launch a debit card priced in euros. This card allows users to spend cryptocurrencies stored in non-custodial wallets directly. The service will charge certain fees, including a €1.6 card issuance fee, a €1 monthly maintenance fee, and a 0.95% withdrawal fee charged by Mercuryo.

ChainCatcher news, global payment infrastructure platform Mercuryo has launched an on-ramp service in the Injective ecosystem crypto wallet Ninji Wallet, featuring seamless access, high security, and simplified asset management. Through this collaboration, Ninji Wallet will enable users to "seamlessly purchase Injective (INJ) using Mercuryo's on-ramp service."

ChainCatcher news, according to bizjournals, venture capital firm Mercury Fund announced the completion of its fifth fund, Mercury Fund V, raising $160 million, with an oversubscription of $10 million, making it the largest round of financing the firm has completed to date.Mercury Fund stated that the fund will continue its existing investment strategy and has already invested in startups such as Brassica Technologies, which provides transfer services for emerging Web3 innovation institutions.

ChainCatcher news, financial infrastructure technology company Brassica announced the completion of an $8 million financing round, led by Mercury Fund, with participation from Valor Equity Partners, Long Journey Ventures, NGC Fund, Neowiz, Broadhaven Ventures, Armyn Capital, VC3DAO, Alpha Asset Management, and others. To date, the company's total financing has reached $12 million.It is reported that Brassica primarily provides services for the private investment and digital asset industries, offering a secure and seamless transition between traditional finance and Web3 innovations. Its institutional-grade solutions make digital asset investment more compliant and secure. (Source link)

ChainCatcher news, the NFT-based college fan platform Mercury has completed a $7.5 million financing round, led by Multicoin Capital, with participation from North Island Ventures, Crosslink Capital, Brevan Howard Digital, and others.Mercury is a company that provides fan engagement for college sports programs. They have built a college fan platform that strengthens the relationship between fans, student-athletes, and universities by leveraging digital assets. NFT-based memberships and NFT-gated events are core components of the Mercury platform. Additionally, each school platform will integrate local chat and social media components that reward meaningful engagement while building a cohesive digital community. (source link)

Chain Catcher News, cryptocurrency investment service provider RiskSmith announced the completion of a $1 million pre-seed funding round, led by Mercury Digital Assets. The new funds will accelerate RiskSmith's product expansion and growth.RiskSmith provides individual investors with professional-grade portfolio toolkits and analysis services. RiskSmith's database tracks over 10,000 cryptocurrency trading pairs, allowing users to understand how crypto assets and stocks work together in a portfolio, with related services currently offered for free. (Finsmes)