Kamco Invest Strengthens its Growth Tech Credentials with Mercury Milestone
- gceosocial
- Apr 29
- 1 min read
Updated: May 11
Kamco Invest, a major regional financial entity, announced its successful investment in Mercury, a U.S. fintech leader, which closed a USD300mn Series C funding round at a USD3.5bn valuation. Led by Sequoia Capital, the round included Spark Capital, Marathon Management, Coatue, CRV, and Andreessen Horowitz. Kamco’s earlier investment at a USD1.5bn valuation yielded a 2.3x return, highlighting its expertise in identifying high-growth international tech opportunities.
Founded in 2017, Mercury has become a key financial services provider for startups, offering banking and fintech products. With over 200,000 customers and USD500mn in 2024 revenue, Mercury expanded into consumer banking with “Mercury Personals” and aims to accelerate product development and strategic acquisitions with the new funding.
Kamco’s Director of Alternative Investments, Ms. Dalal Al Shaye, emphasized the firm’s ability to access global growth opportunities. Following Silicon Valley Bank’s collapse, Mercury gained 8,700 new customers and USD2bn in deposits within days, strengthening its position as a trusted partner for startups.
Mr. Fahad AlSharekh, Tech Investment Advisor, praised Mercury’s growth and Kamco’s strategic early investment. Kamco’s recent recognition as Kuwait’s Best for Alternative Investments by Euromoney underscores its strong performance and diverse solutions in private equity, real estate, and structured products.
