Erebor Bank Seeks $1.5B Raise at $9.5B Valuation Amid Rapid Deposit Growth

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Crypto-friendly bank Erebor is in talks to raise $1.5 billion in funding at a valuation of $9.5 billion, according to the Financial Times. The bank has seen remarkable deposit growth, climbing from $1.1 billion in March to $4.6 billion by July 2025. This surge was driven primarily by clients operating in the cryptocurrency, artificial intelligence, and defense sectors. The fundraising discussions signal growing investor confidence in banks catering to emerging technology industries.

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