Mercury Bank has recently announced the addition of Nigeria to its list of countries prohibited from doing business with the bank.
Mercury Bank has announced the addition of Nigeria to a list of countries prohibited from its banking services.
Mercury Bank is a prominent America-based financial institution known for its tech-driven banking solutions.The company said it supports U.S. companies founded by people across the globe, as well as founders and venture capital firms. The prohibition means businesses and individuals living in Nigeria can no longer open new accounts or conduct transactions through the bank.This move is expected to impact a substantial number of Nigerian entrepreneurs and startups that have relied on the bank’s services for their financial operations.
“Mercury provides banking services for Delaware C companies, which is usually a requirement for the kind of investment that most founders raise money on,” he said.
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