Mercury

Mercury

Mercury is a company making banking products for startups based in San Francisco and backed by a16z.

Mercury is a bank focused on serving startups; the bank is headquartered in San Francisco, California and was founded in 2017 by Immad Akhund, Jason Zhang, and Max Tagher. The company officially began offering its services on April 17, 2019, after announcing the launch of their private alpha in a blog post written by the company's co-founder, Immad Akhund. The company's startup banking software product focuses on creating a simple user interface, the ability to offer financial services, and company insight through data that Mercury has on each startup company using their products and services. Mercury startup bank accounts come with the following features: checking accounts, savings accounts earning 1-1.75% interest, debit cards, ACH payments, check payments, domestic and international wire transfers, and access to their web application.

Funding

They have received funding from: Andreessen Horowitz, L2 Ventures, Eric Wu, Joshua Reeves, Roger Smith, Howie Liu, Justin Kan, Tikhon Bernstam, James Beshara, Matt Humphrey, Tomer London, James Tamplin, Jude Gomila, Max Mullen, Zach Coelius, Bill Clerico, Jared Friedman, Naval Ravikant, Zach Perret, Elad Gil, John Bautista, and Qasar Younis.

Seed

In August 2017, Mercury completed their seed funding round with $6 million in funding from Andreessen Horowitz (lead investor), Naval Ravikant, Roger Smith, Justin Kan, Joshua Reeves, Jude Gomila, Tomer London, Max Mullen, and Zach Perret.

Timeline

September 26, 2019
Mercury raises a $20,000,000 series A round from Andreessen Horowitz, Charles River Ventures, Kevin Durant, Kevin Hartz, Ryan Petersen, Scott Belsky and The a16z Cultural Leadership Fund.
April 17, 2019
Mercury launches to the public

The launch was announced in a blog post.

August 18, 2017
Mercury was founded by Immad Akhund, Jason Zhang and Max Tagher.
August 2017
Mercury raises a $6,000,000 seed round from Andreessen Horowitz.
2017
Founding of Mercury

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Mercury Series A round
20,000,000
September 26, 2019
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People

Name
Role
LinkedIn

Immad Akhund

Co-founder and CEO

Jason Zhang

Co-founder

Juliana Vislova

Product Designer

Max Tagher

Co-founder

Further reading

Title
Author
Link
Type
Date

Mercury opens bank for startups with funding from Andreessen Horowitz

Dean Takahashi

Web

April 17, 2019

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Leah Crane
March 26, 2021
New Scientist
Mercury started shrinking rapidly just after its formation, which may be explained by magma travelling from the planet's core to the surface through heat pipes
A.S.Ganesh
January 29, 2021
The Hindu
On January 31, 1961, a chimpanzee named Ham became the first hominid in space. During his brief spaceflight, which lasted a little over 16 minutes, Ham experienced weightlessness for around six-and-a-half minutes and proved that human beings could work and live in space. A.S.Ganesh revisits Ham's claim to fame...
January 14, 2021
The Economic Times
For the uninitiated, Mercury represents bitcoin's price data and Saturn is a restricting indicator.
Aylin Woodward
January 11, 2021
Business Insider
Jupiter and Saturn recently aligned closer in the sky than they had in centuries. Now, Mercury has joined in to form a three-planet triangle.
Mercury General Corporation
January 11, 2021
www.prnewswire.com:443
/PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 16, 2021, the Company will issue an...
Stuart Clark
January 11, 2021
the Guardian
Northern hemisphere skywatchers can search for the planet this month as it rises higher each night
Stuart Clark
January 11, 2021
the Guardian
Northern hemisphere skywatchers can search for the planet this month as it rises higher each night
Georgina Torbet
January 10, 2021
Digital Trends
Something special is happening in the sky tonight: The planets Mercury, Jupiter, and Saturn will all appear near to each other in a rare triple conjunction.
Chris Ciaccia
January 7, 2021
Fox News
This weekend, Mercury will join Jupiter and Saturn in what is being dubbed as a "triple conjunction," as the three planets will be within a couple of degrees from one another in the night sky.
Larry M. Silverberg
December 10, 2020
phys.org
Matter is what makes up the universe, but what makes up matter? This question has long been tricky for those who think about it--especially for the physicists. Reflecting recent trends in physics, my colleague Jeffrey Eischen and I have described an updated way to think about matter. We propose that matter is not made of particles or waves, as was long thought, but--more fundamentally--that matter is made of fragments of energy.
Berber Jin
November 9, 2020
Business Insider
These 100 venture capitalists don't work for the big-name Silicon Valley firms, but are changing the face of early-stage startups.
Ryan Morrison
November 3, 2020
Mail Online
Venus will be the brightest of the worlds, but Mercury, Mars, Jupiter and Saturn will be visible to the naked eye and Uranus and Neptune visible with binoculars.
Mark Mancini
October 21, 2020
HowStuffWorks
Even though it's tiny compared to the rest of the universe, Earth is a complex planet that, so far, is the only one we know of that sustains life.
October 15, 2020
Houston Chronicle
BERLIN (AP) -- A spacecraft bound for Mercury swung by Venus on Thursday, using Earth's...
Scott Hershberger
June 25, 2020
Scientific American
Scientific American is the essential guide to the most awe-inspiring advances in science and technology, explaining how they change our understanding of the world and shape our lives.
By Ian Randall For Mailonline
June 22, 2020
Mail Online
Researchers from China and the US used submarine robots to identify mercury in the fish and crustaceans living in the deepest part of the western Pacific Ocean.
Jonathan O'Callaghan
May 7, 2020
New Scientist
Mercury is much denser than the other rocky planets in the solar system, and that may be because a collision vaporised its surface and the debris was blown away by the sun
Caleb A. Scharf
April 18, 2020
Scientific American Blog Network
A final flyby on the way to the inner world
By Ryan Morrison For Mailonline
April 16, 2020
Mail Online
The star, called S2, orbits Sagittarius A* in a rosette shape rather than an ellipse or circle - an idea predicted by Einstein in his century old general theory of relativity.
Marcia Dunn
April 10, 2020
CTVNews
A Mercury-bound spacecraft swooped past Earth on Friday, tweaking its roundabout path to the solar system's smallest and innermost planet.
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References

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