What is Mercury?
Banking, cards, treasury and finance workflows for startups and SMBs.
- Category
- Startup banking and treasury
- Headquarters
- San Francisco, CA
- Founded
- 2017
- Employees
- ~800+
- Total funding
- ~$450M+
- Valuation or Status
- ~$3.5B private valuation (2025 Series C)
What is Mercury?
Mercury is a startup banking and treasury company. Banking, cards, treasury and finance workflows for startups and SMBs.
Mercury sells into teams that need business checking and savings, treasury, corporate card and related workflows. Mercury reported about $500M revenue in 2024 and $156B in payment volume in coverage of its 2025 Series C. Mercury serves startups and small businesses; after SVB collapsed it reportedly added 26,000 customers in four months.
The company is positioned around a focused operating wedge rather than a generic software suite: Business checking and savings, Treasury, Corporate card, Bill pay, Invoicing, Venture debt. That makes the buying center relatively clear for sellers, because product, engineering, finance, data, HR or payments leaders usually evaluate the platform based on measurable workflow impact, security and integration depth.
As of June 2026, the most durable facts are its 2017 founding date, San Francisco, CA headquarters/operating hub, ~800+ employee scale and ~$3.5B private valuation (2025 Series C). Where the company does not disclose revenue or profitability, this profile states that explicitly instead of substituting private estimates.
What does Mercury offer?
Mercury offers Business checking and savings, Treasury, Corporate card, Bill pay and adjacent platform capabilities.
- Business checking and savings· Product
- Treasury· Product
- Corporate card· Product
- Bill pay· Product
- Invoicing· Product
- Venture debt· Product
- Personal banking· Product
- Startup perks· Product
How does Mercury make money?
Mercury makes money through mercury business banking has no monthly account fee for standard accounts; revenue comes from interchange, treasury yield share, wire/fx/payment services and paid products such as io card, treasury, bill pay or higher-touch banking services.
Mercury business banking has no monthly account fee for standard accounts; revenue comes from interchange, treasury yield share, wire/FX/payment services and paid products such as IO card, treasury, bill pay or higher-touch banking services.
The commercial motion is usage- and expansion-driven: teams usually start with a concrete workflow, then add seats, modules, credits, compute, payment volume, data access, compliance controls or enterprise support as adoption spreads. That means growth depends on product-led entry for smaller teams and negotiated enterprise contracts where security, procurement and integrations matter.
For sellers, the budget owner is the function that experiences the workflow pain first. A vendor replacing manual work, improving risk controls or integrating with the named systems in the tech-stack facet has a stronger pitch than a generic productivity message.
Who leads Mercury?
Mercury is led by Immad Akhund (Co-founder and CEO) and Max Tagher (Co-founder and CTO).
- Immad AkhundCo-founder and CEOCo-founder - since 2017Serial founder and public leader of Mercury.
- Max TagherCo-founder and CTOCo-founder - since 2017Technical co-founder.
- Jason ZhangCo-founder and COOCo-founder - since 2017Operations co-founder.
- Timothy MayopoulosBoard memberJoined board in 2025Former FDIC-appointed SVB bridge-bank CEO.
How do you contact Mercury's leadership?
Use published company channels first; the personal addresses below are clearly marked as format-following rather than verified inboxes. The observed/presumed pattern for this profile is format-following, not verified: first@mercury.com.
format-following, not verified: first@mercury.comHow much funding has Mercury raised?
Mercury has ~$450M+, with status: ~$3.5B private valuation (2025 Series C).
Major disclosed financing events: 2017-2019: Seed and launch financing - early amounts not fully disclosed - Mercury builds startup banking accounts with partner-bank infrastructure. Jul 2021: Series B - $120M at ~$1.62B valuation - Led by Coatue with Andreessen Horowitz, CRV and Sapphire participation. Mar 2025: Series C - $300M at ~$3.5B valuation - Led by Sequoia with Spark Capital, Marathon and existing investors.
The funding history shows how investors underwrote the company's market. Earlier rounds financed the initial wedge; later rounds funded enterprise expansion, infrastructure, regulatory coverage, geographic growth or broader platform scope.
If a round, valuation or revenue number is not public, this profile treats it as undisclosed. That matters for sales planning because private companies often have large budgets without publishing the exact revenue base, while acquired or IPO-track companies usually add more formal procurement and risk review.
How did Mercury get here?
Mercury's path runs from founding through product expansion, major financing and its current June 2026 status.
- 2017Company foundedImmad Akhund, Max Tagher and Jason Zhang found Mercury.
- 2019Bank accounts launchMercury launches business banking for startups.
- 2022Venture debt and cards expandMercury adds debt and corporate-card products.
- 2023SVB-driven inflowMercury reportedly adds 26,000 customers after Silicon Valley Bank fails.
- 2024Personal banking and finance softwareMercury expands beyond core business accounts.
- Mar 2025Series CMercury raises $300M at a $3.5B valuation.
Who are Mercury's competitors?
Mercury competes with Brex, Ramp, Relay, Novo and adjacent platform vendors.
Mercury — frequently asked questions
