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Mercury accountsTechCrunch
•78% Informative
Digital banking startup Mercury is no longer supporting certain customers in certain countries, including Ukraine .
Mercury made headlines earlier this year when it was caught up in federal scrutiny.
A Mercury spokesperson told TechCrunch that it updated its eligibility requirements and notified certain customers that it could “no longer support them due to either the address(es) they provided or the locations where we recorded frequent account activity.
Mercury said its change in policy only applies to founders living in the country, not founders with Ukrainian passports.
Mercury has restricted almost 30 accounts linked to tech startups in Nigeria and other African countries.
Mercury has also included Croatia and Nigeria on its list.
African fintechs, including Raenest , Verto and Leatherback , that provide U.S. accounts to businesses will look to seize this opportunity.
VR Score
70
Informative language
63
Neutral language
75
Article tone
semi-formal
Language
English
Language complexity
63
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
14
Source diversity
8
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