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About Mercury
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$550.9M
Headquarters
San Francisco, California
Founded
2017
Overview
Mercury provides banking services specifically designed for startups, regardless of their size or stage of development. Their offerings include free checking and savings accounts, debit and credit cards, and options for domestic and international wire transfers, as well as treasury and venture debt services. The platform is user-friendly, allowing founders to manage their finances with ease. What sets Mercury apart from traditional banks is its focus on the startup community, offering programs that connect founders with valuable resources, advice, and networking opportunities. The goal of Mercury is to empower startups by providing them with the financial tools and support they need to succeed.
Simplify's Take
What believers are saying
- Mercury raised $300M in Series C, doubling its valuation to $3.5B.
- Integration with AI-driven tools enhances Mercury's predictive insights and financial forecasting.
- The rise of embedded finance allows Mercury to expand through SaaS partnerships.
What critics are saying
- Increased competition from fintech companies like Island threatens Mercury's market share.
- Rapid workforce expansion may strain Mercury's resources and operational efficiency.
- Launching a consumer banking product could expose Mercury to new regulatory challenges.
What makes Mercury unique
- Mercury offers FDIC-insured accounts with both virtual and physical debit cards.
- Mercury provides API access and integrations with tools like Quickbooks and Stripe.
- Mercury's Raise program connects startups to investors, mentors, and other founders.
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Funding
Total Funding
$550.9M
Above
Industry Average
Funded Over
5 Rounds
Coatue Management
Andreessen HorowitzIndustry standards
Benefits
Health, dental, & vision
Custom equipment setup
401(K) matching
12+ weeks paid parental leave
Book budget
Wellness benefits
Grocery budget
Paid lunch
Personalized callsign
Unlimited vacation policy (with mandatory minimum)
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 0%Real-time index price for Nasdaq Composite (NASX), along with buy or sell indicators, analysis, charts, historical performance, news and more
Mercury, a fintech company providing banking, credit, and financial software, has raised $300 million in a Series C funding round led by Sequoia Capital, with participation from Spark Capital, Marathon, and existing investors including Coatue, CRV, and Andreessen Horowitz.
Digital banking startup Mercury raised $300 million in a Series C round, valuing the company at $3.5 billion, more than double its 2021 Series B valuation of $1.62 billion. Led by Sequoia, the round included Coatue, CRV, Andreessen Horowitz, Spark Capital, and Marathon. Mercury's total funding now reaches $500 million. The company plans to expand its workforce from 850 to over 1,000 by 2025 and is exploring acquisitions with the new capital.
Secure enterprise browser Island has raised $250 million in a late-stage financing round led by Coatue Management, bringing its valuation to nearly $5 billion. In its previous round in April 2024, Island raised $175 million at a $3 billion valuation. Including this Series E round, the company has secured approximately $730 million in external funding from investors such as Sequoia Capital, Insight Partners, and Gili Raanan’s Cyberstarts.
Mercury, the fintech ambitious companies use for banking*, credit cards, and software to power all their financial workflows, today announced a $300 million ...
Mercury is Hiring for 50 Jobs on Simplify!
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About Mercury
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Series C
Total Funding
$550.9M
Headquarters
San Francisco, California
Founded
2017
Mercury is Hiring for 50 Jobs on Simplify!
Find jobs on Simplify and start your career today