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Portfolio

Mercury

Active

Banking stack built for startups — business accounts, corporate cards, treasury and venture debt in one product.

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Why we invested

Startups were the worst-served banking segment in the market. Serving them well early compounds as they scale.

Our position in Mercury was taken either directly or through a third-party syndicate. We do not hold a board seat. We charge no management fee and take 25% only once a realised exit occurs.