Mercury — Startup Profile

Banking and financial tools for startups

HQ: San Francisco, CA, United States | Founded: 2017 | Employees: 500-1,000 | Stage: Late Stage (Series C) | Website: https://mercury.com

About

Mercury is a neobank that provides banking, treasury, and financial tools specifically designed for startups and technology companies. The company offers a full-stack banking platform with no fees, integrations with accounting software, and tools for team management.

The Take

Mercury is building the financial platform that startups actually want to use—no fees, beautiful UI, deep integrations with accounting tools, and team management features that make managing company finances painless. With $2B raised and thousands of startup customers, Mercury has become the default banking choice for the startup ecosystem.

Key Metrics

• Total Funding: $2B
• Last Round: Series C ($300M)
• Founded: 2017
• Headcount: 500-1,000
• Valuation: $3.5B

Funding Rounds

• Round: $300M (2022-06-01) — Dexetera, Coatue
• Round: $120M (2021-07-01) — Andreessen Horowitz

Key People

• Immad Akhund
• Jan Hajek
• Tyler Digiovanni

Key Competitors

• Brex —
• Ramp —
• Silicon Valley Bank —

Timeline Highlights

• 2022-06-01: Series C
• 2017-01-01: Founded

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