Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer. Immad Akhund, CEO and co-founder of […]
Mercury expands FDIC insurance up to $3M through new Vault product by Mary Ann Azevedo originally published on TechCrunch...