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

Zosia Wanat

5 min read

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. 

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Zosia Wanat

Zosia Wanat was a senior reporter at Sifted. She covered the CEE region and policy. Follow her on X and LinkedIn

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