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March 21, 2022

Mercury Venture Debt Product to Lend $1,000,000,000 Through 2024

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Mercury launched a venture debt product and intends to lend out as much as $1 billion over the next two years. According to Benjamin Wu, CEO of Brex Asset Management, we’re in a ‘risk-off’ investment environment; under these circumstances venture debt can appear more attractive than traditional funding sources, which has led founders to seek FinTech solutions for their startup financing needs. (Protocol)

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