Svmuu News: Erebor Bank, backed by investor Peter Thiel, is in talks for a new round of funding, targeting a valuation of at least $8 billion—nearly double its valuation of approximately $4.35 billion at the end of last year. Sources familiar with the matter revealed that the bank’s deposit base has nearly quadrupled over the past three months. Erebor Bank obtained its banking license just five months after its founding and is now attracting interest from new investors as its deposits grow rapidly. (Bloomberg)