TLDR Tech / Fintech
Mercury nears $5B valuation as CFO suite consolidation accelerates
Mercury is in late-stage talks to raise at a $5B+ valuation, up from $3.5B a year ago, while simultaneously acquiring payroll startup Central to push deeper into the CFO suite. The deal adds to a wave of fintech consolidation: Capital One agreed to buy Brex for $5.2B in January, and Ramp acquired travel platform Juno last month. Startups are racing to bundle banking, spend management, and payroll into a single platform for SMBs.
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