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Mercury

Mercury

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

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Competitors
Aspire (finance company)
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Amit Gehlot
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Founded date
2017
Founded date
August 2017
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Latest funding round date
September 26, 2019
Latest funding type
Total funding amount (USD)
26,000,000
Latest funding round date
July 2021
Latest funding type
Latest postmoney valuation
1,600,000,000
Total funding amount (USD)
126,000,000
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Invested in
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Article

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 accountsbank 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.

Edits on 8 Feb, 2021
Amy Tomlinson Gayle
Amy Tomlinson Gayle edited on 8 Feb, 2021
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Article

Mercury is a bank focused on serving startups that is headquartered in San Francisco, California and was founded in 2017 by Immad Akhund, Jason Zhang and Max Tagher. The company officially began offerings its services on April 17, 2019 after announcing the launch of their private alpha in a blog post written by the companies co-founder Immad Akhund. The companies startup banking software product focuses on creating a simple user interface, the ability to offer financial services, and company insight through data Mercury has on each startup company using their products and services. Mercury startup bank accounts come with the following features: checking account, savings account earning 1-1.75% interest, debit cards, ACH payments, check payments, domestic and international wire transfers, and access to their web application.

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.

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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 launchedlaunches to the public
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Jude Gomila
Jude Gomila edited on 3 Feb, 2021
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Accelerator
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Erin Scherfner
Erin Scherfner edited on 15 Jan, 2021
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Latest funding round date
September 26, 2019
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Dawson Sewell
Dawson Sewell edited on 23 Sep, 2020
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Competitors
Founded date
2017
Full address
81 Langton Street Unit 4 San Francisco, CA 94103 United States
Investors
Number of Employees (ranges)
20 – 49
Number of employees
47
Timeline

2017

Founding of Mercury
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