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.
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.
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.
The launch was announced in a blog post.
Co-founder and CEO
Mercury opens bank for startups with funding from Andreessen Horowitz
April 17, 2019
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