Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries

Quick Summary:

The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states.

Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits.

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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Markets: JapanNigerNigeriaUkraine

Topics: Block Mercury Bank Fintechs Fintech Offload Mercury Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 19:33:51 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21764944

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 20 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

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Publication Timezone: GMT +8:00

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Publisher ID: #62

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