diff --git a/.github/FUNDING.yml b/.github/FUNDING.yml
deleted file mode 100644
index 9408e44..0000000
--- a/.github/FUNDING.yml
+++ /dev/null
@@ -1,2 +0,0 @@
-github: asottile
-open_collective: pre-commit
diff --git a/.version b/.version
index 7de82fb..26aaba0 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-0.961
+1.2.0
diff --git a/setup.py b/setup.py
index e094eb2..ed11885 100644
--- a/setup.py
+++ b/setup.py
@@ -6,5 +6,5 @@
 setup(
     name='pre_commit_placeholder_package',
     version='0.0.0',
-    install_requires=['mypy==0.961'],
+    install_requires=['mypy==1.2.0'],
 )