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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

July 2021
Mercury raises a $100,000,000 series B round from Coatue Management.
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

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
Richard Speed
July 21, 2021
go.theregister.com
Remembering the second American in space
Mary Robinette Kowal
July 19, 2021
www.nytimes.com
Ms. Funk's trip to space with Jeff Bezos is reason to celebrate. But the launch this week, decades after she was denied the opportunity, also raises questions about whom space is for.
Eric Berger
July 17, 2021
Ars Technica
From the archives: Grissom's infamous (and impactful) ocean landing turns 60 this week.
July 6, 2021
WebWire
Our lives are often led to merely survive our years, doing whatever it takes to achieve our goals. For the most part, this doesn't cause harm to others. But we don't know the effects of our actions beyond what we can see, and with a very primal mindset of "survival of the fittest," we might end up doing something that causes negative effects to ourselves or others down the line. This is why author Raju Ramanathan wrote his book, "Souls from Mercury: Chakra Magic: Empowering Relationships,...
July 4, 2021
ThePrint
ScientiFix, our weekly feature, offers you a summary of the top global science stories of the week, with links to their sources.
Science X staff
July 2, 2021
phys.org
A new study disputes the prevailing hypothesis on why Mercury has a big core relative to its mantle (the layer between a planet's core and crust). For decades, scientists argued that hit-and-run collisions with other bodies during the formation of our solar system blew away much of Mercury's rocky mantle and left the big, dense, metal core inside. But new research reveals that collisions are not to blame--the sun's magnetism is.
Richard Speed
July 1, 2021
go.theregister.com
60 years since Alan Shepard made his Mercury flight, one of the Mercury 13 will get her turn
June 7, 2021
Bollyinside - US Local News & Breaking News Stories
Next students were asked to pick out the planets from a handful of objects: Nerf ball bullets, seeds, pins, pepper, ping pong balls, rocks, popcorn
Chelsea Harvey, E&E News
May 25, 2021
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.
Vicky L. Sutton-Jackson
May 19, 2021
phys.org
Mercury has decreased in a creek on the U.S. Department of Energy's Savannah River Site, according to researchers at the University of Georgia.
Stuart Clark
May 10, 2021
the Guardian
Observers in the northern hemisphere can start tonight to look for the elusive target
Stuart Clark
May 10, 2021
the Guardian
Observers in the northern hemisphere can start tonight to look for the elusive target
Dave Smith Popular Astronomy Club
May 9, 2021
The Quad-City Times
May is a month with some short term celestial events and several important historical space anniversaries.
Marcia Dunn
May 5, 2021
CTVNews
Sixty years after Alan Shepard became the first American in space, everyday people are on the verge of following in his cosmic footsteps.
MARCIA DUNN
May 5, 2021
news.yahoo.com
Sixty years after Alan Shepard became the first American in space, everyday people are on the verge of following in his cosmic footsteps. Jeff Bezos' Blue...
April 28, 2021
Gizmodo Australia
There's a bunch of amazing space events to watch out for in May, including a rare super blood moon.
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.
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References

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