Founders with activities in Ukraine using US neobank Mercury have been informed that their accounts will be closed after the Silicon Valley-based company decided to not serve customers with “frequent account activity” in the war-torn country, Sifted has learnt.
News
July 23, 2024
US bank closes accounts used to pay Ukrainian employees’ salaries
Andreessen Horowitz-backed Mercury made the decision to not serve customers with “frequent account activity” in the war-torn country
5 min read
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