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Mercury

Mercury

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

OverviewStructured DataIssuesContributors

Contents

mercury.co
mercury.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Technology
Technology
Financial services
Financial services
B2B
B2B
Banking
Banking
Bank
Bank
Financial technology
Financial technology
Finance
Finance
...
Location
San Francisco
San Francisco
United States
United States
B2X
B2B
B2B
CEO
Immad Akhund
Immad Akhund
Founder
Max Tagher
Max Tagher
Jason Zhang
Jason Zhang
0
Immad Akhund
Immad Akhund
AngelList URL
angel.co/mercury
Pitchbook URL
pitchbook.com/profiles...222307-21
Legal Name
Mercury Technologies, Inc.
Legal classification
Corporation
Corporation
Joint-stock company
Joint-stock company
Date Incorporated
August 18, 2017
Number of Employees (Ranges)
501 – 1,0000
Email Address
help@mercury.com
Number of Employees
3830
Full Address
81 Langton Street Unit 4 San Francisco, CA 94103 United States
CIK Number
1,719,932
Place of Incorporation
Delaware
Delaware
Incorporation Reference
6514804
Investors
Roger Smith (entrepreneur)
Roger Smith (entrepreneur)
‌
Aditya Nagarsheth
‌
Allison Barr
‌
Phil McIntyre
‌
Ayo Omojola
‌
Peggy Mongot
‌
Tomer London
‌
James Tamplin
...
Founded Date
2017
0
Total Funding Amount (USD)
126,000,000
Latest Funding Round Date
July 2021
Competitors
Karta.io
Karta.io
Instabank
Instabank
Imagin Bank
Imagin Bank
Allica Bank
Allica Bank
Bnext
Bnext
Qonto
Qonto
Conta Simples
Conta Simples
Odin Money
Odin Money
...
Business Model
Transaction processing / marketplace
Subscription (with freemium option)
Board of Directors
Alex Rampell
Alex Rampell
Michael Gilroy
Michael Gilroy
Saar Gur
Saar Gur
Immad Akhund
Immad Akhund
CTO
Max Tagher
Max Tagher
Key People
Jason Zhang
Jason Zhang
Immad Akhund
Immad Akhund
Latest Funding Type
Series B
Series B
Latest Postmoney Valuation
1,600,000,000
Patents Assigned (Count)
4
COO
Jason Zhang
Jason Zhang
0
Wellfound ID
mercury
Country
United States
United States
0

Other attributes

Awards Received
‌
Embedded Fintech 50
Blog
mercury.com/blog/
Company Operating Status
Active
Strategic Partnerships
SynapseFI and Mercury strategic partnership
SynapseFI and Mercury strategic partnership
Contact Page URL
mercury.com/contact
Invested in
WizeHire
WizeHire
ReturnLogic
ReturnLogic
Funding Round Investor
500 Global
500 Global
Wikidata ID
Q108554731

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

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Growth funding for SaaS founders: Mercury x Capchase

https://youtu.be/AFiqmAyT7pA

Web

January 21, 2022

Make the Most of BFCM: Mercury x Wayflyer

https://youtu.be/ClaF3jx5c98

Web

November 19, 2021

Mercury opens bank for startups with funding from Andreessen Horowitz

Dean Takahashi

https://venturebeat.com/2019/04/17/mercury-opens-bank-for-startups-with-funding-from-andreessen-horowitz-partner/

Web

April 17, 2019

References

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