Mercury

Mercury

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

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Henry Ogolla
Henry Ogolla approved a suggestion from Golden's AI on 8 Feb, 2021
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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.

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
500 Startups
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Erin Scherfner
Erin Scherfner edited on 15 Jan, 2021
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Accelerator
500 Startups
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Golden AI"Funding autocalculation"
Golden AI edited on 6 Oct, 2020
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Latest funding round date
September 26, 2019
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Golden AI
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Investors
Melo7 Tech Partners
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Dawson Sewell
Dawson Sewell edited on 23 Sep, 2020
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Competitors
Aspire
Founded date
2017
Full address
81 Langton Street Unit 4 San Francisco, CA 94103 United States
Number of Employees (ranges)
20–49
Number of employees
47
Timeline

2017

Founding of Mercury
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Charlie Hilton
Charlie Hilton edited on 10 Sep, 2020
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Golden AI
Golden AI edited on 19 Aug, 2020
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Investors
James Tamplin
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Charlie Hilton
Charlie Hilton edited on 18 Aug, 2020
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Golden AI
Golden AI edited on 10 Aug, 2020
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Funding rounds
Mercury Series A round, July 2019
Dawson Sewell
Dawson Sewell edited on 10 Aug, 2020
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Founder
Max Tagher
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Carla Faraguna
Carla Faraguna edited on 6 Aug, 2020
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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 GomilaJude Gomila, Tomer London, Max Mullen, and Zach Perret.

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CTO
Max Tagher
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Holden Page"Research engine edit"
Holden Page edited on 15 Jun, 2020
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B2X
B2B
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Golden AI
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Investors
Jude Gomila
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Jessica Karpinski
Jessica Karpinski edited on 2 Jun, 2020
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Business model
Subscription (with freemium option)Transaction processing / marketplace
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Jessica Karpinski
Jessica Karpinski edited on 23 May, 2020
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Investors
Marc Andreessen
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Carla Faraguna
Carla Faraguna edited on 11 May, 2020
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Industry
Neobanking
Golden AI
Golden AI edited on 11 May, 2020
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Strategic Partnerships
SynapseFI and Mercury strategic partnership
Jed Christiansen"wrong structure"
Jed Christiansen edited on 11 May, 2020
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Is a
Strategic partnership
Partner organizations
SynapseFI
Golden logo
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