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Erebor Bank seeks $8 billion valuation as deposits increase significantly · Cyprus Report

Business · World

Erebor Bank seeks $8 billion valuation as deposits increase significantly

1 sourceFirst reported 19 days agoUpdated 19 days ago

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Erebor Bank, which has backing from Peter Thiel and Palmer Luckey, is seeking to raise funds with a target valuation of $8 billion.
The bank has reported that its deposits have nearly quadrupled recently.
Discussions regarding the funding and valuation have been reported by Bloomberg.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

Peter Thiel-backed crypto-friendly Erebor Bank eyes $8 billion valuation as deposits nearly quadruple: BloombergThe Block · 19 days ago

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AI summary: catch up in 20 seconds

Erebor Bank, which has backing from Peter Thiel and Palmer Luckey, is seeking to raise funds with a target valuation of $8 billion.
The bank has reported that its deposits have nearly quadrupled recently.
Discussions regarding the funding and valuation have been reported by Bloomberg.

Generated by AI from the 1 sources below · always verify with the originals