Source: Palmer Luckey's Erebor hits $7B+ in deposits since launching in February, including $3B+ over the past quarter with 500+ new customers
THE SO WHAT
$7B in deposits in under a year says tech wants a purpose-built banking home after the SVB shock — sector-specific balance sheets are back. Founders and CFOs should diversify banking relationships and expect more niche financial platforms to court them with better risk understanding and tailored credit.
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