Mercury Financial Has Closed A $200 Million Debt Facility To Drive Growth Of Its Credit Card Business For The Middle-Class

Jul 26, 2023•over 2 years ago

Amount Raised

$200 Million

AustinFinanceFinancial Services

Investors

Neuberger Berman

Description

Mercury® Financial (“Mercury”) today announced the closing of a $200 million debt facility from client funds managed by Neuberger Berman. Mercury will use the funds to expand its credit card business and continue its mission of providing middle-class Americans responsible financial products to improve their lives.

Company Information

Company

Mercury Financial

Location

Austin, Texas, United States

About

Mercury Financial LLC is a financial services company on a mission to expand financial inclusion, helping more than 1.3 million Americans build a stronger financial future and improve their credit. Founded in 2017 and backed by advanced technology, Mercury has facilitated access to more than $6 billion in credit. Mercury enables credit card products issued by First Bank & Trust, Brookings, SD, pursuant to a license from Visa® USA Incorporated. Mercury has office locations in Wilmington, DE and Austin, TX.

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