image credit: Unsplash

US-based card start-up Mercantile launches with $22m in hand

October 14, 2022

The capital raised includes a $15 million Series A led by Index Ventures, with participation from seed investors First Round Capital, General Catalyst, SV Angel, Operator Partners, Box Group, among others.

With the fresh funding, Mercantile plans to further its product development, build partnerships and expand its teams.

Mercantile’s offering includes “customised” credit card programmes based on industry-specific needs, starting out with the healthcare sector, with plans to expand to other markets in due course.

Read More on FinTech Futures