In the Wake of SVB Collapse, Could Mercury or Brex Fill the Role of Fintechs’ Bank?
According to SVB, its clients account for 71% of all fintech initial public offerings (IPOs) since 2020. - David Paul Morris
Business

In the Wake of SVB Collapse, Could Mercury or Brex Fill the Role of Fintechs’ Bank?

The consequences of the collapse of Silicon Valley Bank could leave a hole in the fintech segment that will not be easy to fill, according to analysts

In the wake of the Silicon Valley Bank (SBV) debacle, startups are shifting their money to other havens, such as Mercury Bank neobank Brex, but those may not be a true replacement for SBV, especially for fintechs, as it was the bank for startups not only in the US, but also in Latin America.

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