Mercury

FinTech

Founded: 2017

Last Round Valuation: $1.61B

Mercury provides banking services tailored for startups. Founders can avail complimentary checking and savings accounts, debit and credit cards, both local and global wire transfers, treasury services, venture debt, and additional offerings. Mercury also offers community initiatives that furnish founders with networking opportunities, guidance, and valuable resources. Established in 2019 by Immad Akhund, Jason Zhang, and Max Tagher, the company is based in San Francisco, CA.

Mercury Overview:

Mercury is a financial services company that specializes in providing comprehensive banking solutions for startups. Founded in 2019 by Immad Akhund, Jason Zhang, and Max Tagher, the company is headquartered in San Francisco, CA.

Mercury's primary focus is on offering banking services tailored specifically to meet the unique needs of startup founders. They provide a range of financial products and services designed to support founders throughout their entrepreneurial journey. Some of the key offerings include free checking and savings accounts, debit and credit cards, domestic and international wire transfers, treasury services, and venture debt.

One of the notable advantages of Mercury is its emphasis on community building. They offer community programs that connect founders with valuable resources, advice, and networking opportunities. These initiatives aim to foster collaboration and provide founders with the support they need to succeed.

Mercury has gained recognition for its user-friendly and intuitive digital platform, which simplifies banking processes and allows founders to manage their finances efficiently. The platform provides a seamless and hassle-free experience, enabling founders to focus on growing their businesses rather than dealing with complex banking procedures.

With its commitment to serving the startup ecosystem, Mercury has positioned itself as a trusted partner for founders in managing their financial needs. By combining traditional banking services with a strong community focus, Mercury aims to be a one-stop solution for startups seeking financial support, connections, and guidance.

Founders:

  • Immad Akhund

  • Jason Zhang

  • Maximilian Tagher

Top Investors:

  • Andreessen Horowitz

  • CRV (Charles River Ventures)

  • Tencent Holdings

  • Naval Ravikant

  • Kevin Systrom (Co-founder of Instagram)

  • Scott Belsky (Co-founder of Behance)

  • Justin Mateen (Co-founder of Tinder)

  • Elad Gil (Investor and Entrepreneur)

  • DFJ (Draper Fisher Jurvetson)

  • Mercury's founders themselves have also invested in the company.

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Jul 2021 Series B $160MM $206.65MM $76.82 $1.61B Coatue Management
Jan 2021 Series B-1 $19.28MM $46.5MM $13.24 $669.4MM Undisclosed Investors
Jan 2021 Series B-2 $150K $27.36MM $38.41 $669.4MM Undisclosed Investors
Sep 2019 Series A-2 $124.98K $5.05MM $5.36 $95.65MM CRV, Andreessen Horowitz, Kevin Hartz
Sep 2019 Series A-1 $21MM $25.92MM $5.95 $95.65MM CRV, Andreessen Horowitz, Kevin Hartz
Sep 2019 Series A-3 $344.99K $5.27MM $4.76 $95.65MM CRV, Andreessen Horowitz, Kevin Hartz
Sep 2019 Series A-5 $719.99K $5.64MM $2.08 $95.65MM CRV, Andreessen Horowitz, Kevin Hartz
Sep 2019 Series A-4 $100K $5.02MM $2.47 $95.65MM CRV, Andreessen Horowitz, Kevin Hartz
Oct 2017 Series Seed $4.7MM $4.7MM $1.80 $14.93MM Undisclosed Investors
Oct 2017 Series Seed-2 $30K $30K $1.50 $14.93MM Undisclosed Investors
Oct 2017 Series Seed-1 $200K $200K $1.37 $14.93MM Undisclosed Investors

In the News:

Interested in Mercury?

Please fill out the form below and a member of our team will contact you to discuss next steps.