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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
October 4, 2021
go.theregister.com
William Shatner joins crew for Bezos' number two
Laura Dobberstein
October 4, 2021
go.theregister.com
Fourth of nine scheduled planetary assists completed as spacecraft inches closer to releasing its orbiters
October 2, 2021
Chron
BERLIN (AP) - A joint European-Japanese spacecraft got its first glimpse of Mercury as...
The Associated Press
October 2, 2021
ABC News
A joint European-Japanese spacecraft got its first glimpse of Mercury as it swung by the solar system's innermost planet while on a mission to deliver two probes into orbit in 2025
October 2, 2021
AP NEWS
BERLIN (AP) -- A joint European-Japanese spacecraft got its first glimpse of Mercury as it swung by the solar system's innermost planet while on a mission to deliver two probes into orbit in 2025.The BepiColombo mission made the first of six flybys of Mercury at 11:34 p.m.
October 1, 2021
Chron
BERLIN (AP) - A joint European-Japanese spacecraft is set to fly by Mercury for the...
The Associated Press
October 1, 2021
ABC News
A joint European-Japanese spacecraft is set to fly by Mercury for the first time on its path to deliver two probes into the planet's orbit in 2025
October 1, 2021
AP NEWS
BERLIN (AP) -- A joint European-Japanese spacecraft is set to fly by Mercury for the first time late Friday on its path to deliver two probes into the planet's orbit in 2025.The BepiColombo mission will make the first of six flybys of Mercury at about 2334 GMT (1934 EST), using the planet's gravity to slow itself down.
August 29, 2021
ThePrint
ScientiFix, our weekly feature, offers you a summary of the top global science stories of the week, with links to their sources.
Katyanna Quach
August 24, 2021
go.theregister.com
Boffins ponder where Usain Bolt of space rocks came from
Science X staff
August 23, 2021
phys.org
Using the powerful 570-megapixel Dark Energy Camera (DECam) in Chile, astronomers just ten days ago discovered an asteroid with the shortest orbital period of any known asteroid in the Solar System. The orbit of the approximately 1-kilometer-diameter asteroid takes it as close as 20 million kilometers (12 million miles or 0.13 au), from the Sun every 113 days. Asteroid 2021 PH27, revealed in images acquired during twilight, also has the smallest mean distance (semi-major axis) of any known asteroid in our Solar System--only Mercury has a shorter period and smaller semi-major axis. The asteroid is so close to the Sun's massive gravitational field, it experiences the largest general relativistic effects of any known Solar System object.
Leah Crane
August 12, 2021
New Scientist
Researchers examined about 3000 of the best images we have of the planet Mercury, and only 14 of them contained boulders - far fewer big rocks than expected
August 8, 2021
Chron
BERLIN (AP) - Two spacecraft are set to swoop past Venus within hours of each other...
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
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References

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