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)
March 21, 2022
Mercury Venture Debt Product to Lend $1,000,000,000 Through 2024
