Mercury, a U.S. fintech company, has successfully raised $300 million in a Series C funding round, achieving a valuation of $3.5 billion. This funding aims to enhance product innovation, expand its financial offerings, and improve artificial intelligence capabilities. There is speculation that an initial public offering (IPO) may be on the horizon for the company. Additionally, Mendel, a startup focused on corporate spend management for Latin American enterprises, has raised $35 million in a Series B funding round, bringing its total funding to $60 million. The Series B round was led by Base10 and included participation from PayPal Ventures and other investors. Mendel's growth has been notable, with an annual recurring revenue (ARR) increase of nearly 2.5 times year-over-year and gross margins exceeding 75%.