– Kamco Invest announced the success of its investment in Mercury, a leading U.S.-based fintech, on behalf of its clients.
– Mercury closed a USD 300 million Series C funding round at a USD 3.5 billion valuation.
– The round was led by Sequoia Capital with participation from Spark Capital, Marathon Management Partners, Coatue, CRV, and Andreessen Horowitz.
– Kamco Invest’s initial investment was made at a USD 1.5 billion valuation by the Alternative Investments team.
– The exit reflects a 2.3x multiple on invested capital, showcasing Kamco Invest’s strength in identifying high-growth international opportunities.
– Founded in 2017, Mercury provides startups with banking and fintech services like corporate credit cards, payroll, financial reporting, and cash flow forecasting.
– Mercury has over 200,000 customers, processes USD 95 billion in transactions, and earned USD 500 million in revenue in 2024.
– The company has maintained profitability for ten consecutive quarters.
– In 2024, Mercury launched “Mercury Personals” for entrepreneurs and investors seeking premium personal banking services.
– The new funding will support product development, strategic acquisitions, and long-term financial flexibility.
– Dalal AlShaya, CFA, highlighted Kamco Invest’s success in accessing global growth-stage opportunities and backing innovative companies.
Fahad AlSharekh emphasized the value of identifying strategic early-stage opportunities with strong fundamentals.
– The firm’s alternative investments span private equity, real estate, and structured products.
