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Startups in Africa, Ukraine, others face account closures by U.S. bank - Techloy

Retrieved on: 2024-07-24 21:50:47

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Startups in Africa, Ukraine, others face account closures by U.S. bank - Techloy. View article details on hiswai:

Summary

Mercury Bank's account closures for startups in 37 countries, including 13 in Africa, highlight challenges for African startups in securing banking solutions amidst increasing US regulatory scrutiny post-Silicon Valley Bank collapse. This stresses the need for robust local financial infrastructure.

Article found on: www.techloy.com

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