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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

April 17, 2019
Mercury launches to the public

The launch was announced in a blog post.

2017
Founding of Mercury

Funding rounds

Patents

Products

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.
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References

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