Erebor Bank
Coverage of Erebor Bank in the Nexus archive.
- A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he’s a billionaire who says the American Dream isn’t dead
Palmer Luckey's success story—going from a college dropout living in a trailer to building Oculus and selling it for $2 billion by age 21—is presented as proof that the American Dream endures. Receiving initial funding from Peter Thiel, he later founded Anduril, a defense tech company now valued at $61 billion, and Erebor Bank, which also received major financial backing.
- Peter Thiel-backed crypto-friendly Erebor Bank eyes $8 billion valuation as deposits nearly quadruple: Bloomberg
Erebor Bank, backed by Palmer Luckey and Peter Thiel, is seeking a $8 billion valuation as deposits nearly quadruple. The bank is in talks to raise funding at this valuation, according to Bloomberg.
- B2B stablecoin tech provider Infinite rolls out banking services powered by Thiel-backed Erebor Bank
Infinite, a B2B stablecoin tech provider, has launched banking services powered by Erebor Bank, which is backed by venture capitalist Peter Thiel. The new accounts support traditional and crypto services including ACH, wire, and stablecoin transfers.