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$112M/year Hereticon Of Nationally Chartered Banks
116 Views14 Aug 2026 10:00
TL;DR: Founded by Palmer Luckey and backed by Founders Fund, 8VC, Haun Ventures & Lux Capital, Erebor launched in February 2026 as a bank for capital-intensive AI, defense & crypto companies, taking deposits, lending against nontraditional assets and moving money through APIs & stablecoins. Sacra estimates Erebor hit $112M in annualized revenue in July 2026, up 38% MoM from $31M in March, in talks to raise at a $9.5B valuation for an 85x multiple. For more, check out our full report and dataset on Erebor...
What is covered in the Full Insight:
- Introduction to Erebor
- Financial Performance and Growth
- Market Position and Strategy
- Industry Comparisons
- Future Outlook
SUMMARY
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- $112M/year Hereticon Of Nationally Chartered Banks14 Aug 2026
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