Mercurius Media Capital invests $5M in Copper via media-for-equity to fuel user growth
Mercurius Media Capital has made a $5 million media-for-equity investment in Copper, giving the financial empowerment app access to MMC’s premium advertising inventory to accelerate customer acquisition and conserve cash for product and engineering. Copper, founded by Eddie Behringer and Stefan Berglund, combines rewards, receipt intelligence, commerce, and AI shopping tools and has processed over 29 million receipts and earned a 4.7-star app-store rating.
Copper Halts Banking Services After Synapse Bankruptcy Forces Deposit Account Lockouts
Fintech startup Copper has discontinued its banking services and debit card offerings due to its banking-as-a-service provider Synapse filing for bankruptcy and shutting down its platform. Affected customers are temporarily unable to access deposit accounts, but Copper plans to pivot to its 'Earn' product focused on surveys and games.
Copper raises $29M Series A led by Fiat Ventures, totals $42.3M as users surge to 800,000
Copper, a Seattle-based teen-focused digital bank, raised $29 million in a Series A led by Fiat Ventures, bringing total funding to $42.3 million as its user base grew to over 800,000; the company plans to launch investing features for teens soon.
Copper Banking raises $9M more, closes $13.3M seed round to scale teen banking platform
Copper Banking raised an additional $9 million and closed a $13.3 million seed round to expand its youth-focused mobile banking platform, hire across departments, and develop new products; the Seattle startup provides FDIC-backed teen accounts with debit cards, P2P payments, automatic savings, and parent controls. The platform, launched earlier this year, already has over 350,000 users and partners with Evolve Bank & Trust for banking services.
Pandion raises $30M to build parcel network, opens 150,000 sq ft hub in Quakertown and will hire 80
Pandion, a year-old logistics startup founded by former Amazon and Walmart executive Scott Ruffin, raised $30 million to build a parcel network and open a 150,000 sq ft routing hub in Quakertown, PA, hiring 80 people. The $22.5M Series A was led by Bow Capital with existing investors and an extra $7.5M led by Telstra Ventures, reflecting strong VC interest in e-commerce logistics.
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Copper CFO and Co-founder · past
