The Executives Behind Palmer Luckey’s Tech-Focused Erebor Bank
Palmer Luckey, CEO of defense tech giant Anduril Industries, is quietly building a new digital banking venture — and we now know more about who will be helping him. The startup, Erebor, is raising $225 million at a $2 billion valuation, Business Insider reported in July. It has backing from Peter Thiel’s Founders Fund and
Erebor Says Palmer Luckey’s “Political Network” Will Help With Regulators
Anduril founder Palmer Luckey’s new digital bank, Erebor, told prospective investors in a fundraising memo that it expects federal banking regulators to approve its plans by late 2025 — a speedy timeline that it says is possible because of Luckey’s “political network” and the bank’s close ties to regulators. The memo said the bank anticipated