# Mercury

> Mercury is a San Francisco fintech that builds banking and financial software for startups and growth-stage companies. Through partner banks, it offers FDIC-insured checking and savings, corporate cards, treasury, venture debt, bill pay, and an API - aimed at founders who would rather not call a branch manager.

- **Founded:** 2017
- **Headquarters:** San Francisco, California, United States
- **Founders:** Immad Akhund (Co-founder & CEO), Max Tagher (Co-founder & CTO), Jason Zhang (Co-founder)
- **Team size:** ~910 employees
- **Products:** Business Checking & Savings, Mercury IO Credit Card, Bill Pay & AP, Venture Debt, Mercury Raise
- **Notable:** Surpassed 300,000 customers in early 2026., Processed $248B in transaction volume in 2025., $650M annualized revenue, up 30% YoY.

## Products & services

- **Business Checking & Savings** — FDIC-insured accounts through partner banks, with treasury sweep into money market funds.
- **Mercury IO Credit Card** — Corporate Mastercard with 1.5% cashback, no personal guarantee, no annual fee.
- **Bill Pay & AP** — Automated invoice ingestion, approvals, and payments with AI-assisted matching.
- **Venture Debt** — Non-dilutive debt financing for growth-stage startups, launched 2022.
- **Mercury Raise** — A program connecting founders to investors and an investor database.
- **Banking API** — Programmatic access for treasury automation, payouts, and reconciliation.
- **Mercury Personal** — A consumer banking product launched for founders and operators.

## Achievements

- Surpassed 300,000 customers in early 2026.
- Processed $248B in transaction volume in 2025.
- $650M annualized revenue, up 30% YoY.
- Reached profitability while growing 50% YoY.
- Closed $300M Series C led by Sequoia at $3.5B valuation in March 2025.
- Filled the void left by Silicon Valley Bank's 2023 collapse.

## Latest updates

- **2026-02** — Annual letter reports 300,000+ customers and 50% YoY growth in 2025.
- **2025-11** — Fortune reports $650M annualized revenue at $3.5B valuation.
- **2025-03** — Closed $300M Series C led by Sequoia Capital.
- **2024** — Launched Mercury Personal for founders and operators.
- **2023-03** — Onboarded thousands of startups fleeing the Silicon Valley Bank collapse.

## Links

- Website: https://mercury.com
- LinkedIn: https://www.linkedin.com/company/mercuryhq
- Twitter/X: https://twitter.com/mercury
- GitHub: https://github.com/mercury
- YouTube: https://www.youtube.com/@Mercuryfi
- Instagram: https://www.instagram.com/mercuryfi/
- Facebook: https://facebook.com/bankwithmercury

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Profile page: https://yespress.io/mercury
Published by YesPress — https://yespress.io
Last updated: 2026-05-28