Erebor, formed after SVB’s collapse in March 2023, is backed by tech billionaires, including Peter Thiel. It focuses on servicing tech companies involved in AI, crypto, and more, aiming to be a prominent banking option for startups.
Erebor seeks a national bank charter, planning to operate exclusively online. It intends to provide traditional banking products alongside services for stablecoins, targeting both domestic and international businesses.
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