Full-Time
Updated on 8/21/2026
Startup-focused business banking and treasury services
$242.7k - $353.9k/yr
Remote in USA + 3 more
More locations: San Francisco, CA, USA | New York, NY, USA | Portland, OR, USA
Remote
See people who can refer or advise you
Mercury provides banking services tailored for startups. It operates as a fintech platform (not a bank) that enables founders to open free checking and savings accounts, issue debit and credit cards, perform domestic and international wire transfers, and access treasury and venture debt tools through its platform. Banking services are provided by partner institutions Choice Financial Group and Evolve Bank & Trust, with Members FDIC protection. The platform emphasizes a startup-focused experience, plus community programs that connect founders with mentors, advice, and resources. Unlike traditional banks or broad fintechs, Mercury combines startup-specific financial products with an ecosystem designed to help early-stage companies manage funds and connect with peers. Its goal is to help startups of all sizes operate confidently and grow by providing accessible banking, financing options, and a supportive community.
Company Size
1,001-5,000
Company Stage
Series D
Total Funding
$750.9M
Headquarters
San Francisco, California
Founded
2017
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
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)
Mercury launches two exclusive investment funds for businesses' idle cash. Aug 18, 2026 Business banking fintech Mercury wants to offer its customers more ways to earn yield on idle cash while keeping that money in its ecosystem. The company today rolled out two Mercury-exclusive investment funds, partnering with Morgan Stanley Investment Management and State Street Investment Management. The launch is the company's latest effort to keep customers' cash on its platform as competitors like Brex, Ramp and Rho offer their own ways for businesses to invest excess funds, including through high-yield investment products that offer liquidity. Mercury wants to spare founders from "having to go out and piece together multiple different banking relationships," CFO Dan Kang told This Week in Fintech. "We've negotiated some of the best yields for you, and you get this in one seamless platform." Customers can access the funds through Mercury Treasury, the company's service for investing excess business cash. Mercury Treasury offered investment funds before, but those products were also available outside Mercury. The new funds are only for Mercury customers. To qualify, businesses must hold at least $250,000 on Mercury's platform. The annual management fee ranges from 0.15% to 0.60% depending on customers' total balances, with larger customers paying less. MCRYX, an ultra-short bond fund offered by Morgan Stanley Investment Management, is available now. It offers a net annual yield of up to 3.88%, though that maximum applies only to customers with more than $20 million in deposits across their Mercury bank accounts. MRGXX, a share class of State Street Investment Management's government money-market offering, is expected to become available in the coming weeks. It carries a lower expense ratio than Mercury's previous government money-market fund. The funds are designed to be liquid: Customers can retrieve money from the State Street fund the same day, while the Morgan Stanley fund can offer next-day access. Unlike a savings account, however, the investments are not FDIC-insured and may lose value. MCRYX has a floating net asset value and carries principal risk. Kang said Mercury sought to limit those risks by selecting lower-risk investments. "We want to make sure that the portfolios that we put forward really make sense, [and] that they're safe and sound," he said. Mercury chose investment funds rather than a high-yield savings product because banks can change deposit rates or limit their highest rates to certain balances. The funds' yields also fluctuate, but they're driven by market conditions rather than set by Mercury. "For a customer, having certainty that you will earn yield on your funds goes a long way," Kang said. "The bank could pull that back at any moment in time." Later this year, Mercury plans to add Treasury Ladders, letting customers spread their cash across U.S. Treasury securities with different maturity dates. In May, Mercury raised $200 million in a TCV-led Series D that valued the company at $5.2 billion.
Mercury unveils Mercury Spend with AI Agent Cards and Intelligent Budgets. Technology company Mercury announced the rollout of Mercury Spend, an expanded corporate spend management platform engineered to manage both team and artificial intelligence agent transactions. As early-stage founders and scaling enterprises operate with leaner, highly automated workforces, Mercury Spend integrates intelligent budgeting, self-enforcing expense policies, and a specialized class of corporate cards designed explicitly for autonomous AI agents. Unlike traditional third-party spend management software that requires complex setup, external software integrations, and manual configuration, Mercury Spend is built natively into Mercury's core financial dashboard. This embedded architecture gives leadership teams direct real-time visibility over cash positions, corporate runway, and operational expenses within a unified system. "Companies can be smaller and faster than they were two years ago, and they're a mix of people and agents doing real work," said Immad Akhund, CEO and co-founder of Mercury. "Founders need a scalable and programmatic way to manage spending, understand where money is going, and automate the busywork of receipts and accounting. With Mercury Spend, founders can give their teams and agents a real spending infrastructure, not just a card." Core infrastructure: Intelligent Budgets, Agent Cards, and AI integration. Mercury Spend provides scaling organizations with a centralized spend governance architecture built around modern, hybrid workflows. Key capabilities of the platform include: Dynamic Intelligent Budgets: Enables founders and operators to instantly set up targeted expense accounts for software procurement, corporate travel, or marketing campaigns. Automated policy limits decline unauthorized point-of-sale transactions and restrict card usage by specific merchant names or Merchant Category Codes (MCC). Dedicated AI Agent Cards: Allows human operators to issue dedicated corporate cards to autonomous AI software agents. Created exclusively by human managers, these agentic cards operate within unalterable spending caps, providing auditable and instantly cancellable transaction capabilities for agentic workflows. Automated Accounting & Policy Enforcement: Automatically categorizes transaction data into assigned accounting ledgers. The platform captures receipts by scanning connected corporate Gmail inboxes or through SMS submission. To maintain strict compliance, cards automatically freeze when required memos or receipts are missing until the user fulfills the record. Conversational AI Command Layer: Connects every spend management feature to Command, Mercury's natural language AI interface. Executive users can manage budgets, audit cash runway, issue invoices, and configure automated accounting rules through conversational text prompts without navigating complex dashboard menus. Modern design collaboration. To mark the commercial release of Mercury Spend, Mercury also debuted a limited-edition IO physical corporate card created in collaboration with celebrated sculptor, ceramicist, and designer Simone Bodmer-Turner. Derived from a custom sculpture created for Mercury, the physical card features a tactile, dimensional finish achieved through layered printing techniques.
Mercury has launched Mercury Spend, a spend management solution that enables businesses to issue employee and agent cards whilst managing team spending. The platform integrates intelligent budgets, self-enforcing expense policies, and cards designed for AI agents directly into Mercury's banking dashboard. The system allows founders to create budgets for specific purposes and issue cards with automatic limits. AI agent cards enable businesses to delegate operational purchases to AI agents within human-set policies. The platform includes automated accounting through Gmail integration for receipt matching and policy enforcement that freezes cards when required documentation is missing. Mercury Spend connects to a company's cash position and runway, providing financial visibility without additional tools. All functions are accessible through Command, Mercury's AI layer, which operates via natural language instructions. The service is now available to Mercury's 300,000-plus business banking customers.
Quickbiz partnered with the best bank for software founders. Now QuickBiz is the whole foundation. Quickbiz partnered with Mercury, the best bank for software founders, so QuickBiz is now the whole foundation you start a software company on: the entity, the EIN, legal documents built for software, a registered agent, compliance, and the bank account. Not the most pieces. The best version of each one, built for software founders. QuickBiz Team Published June 21, 2026 What you start your company on matters. The bank it runs through, the documents that define it, the entity itself. Every payment, every contract, and every investor conversation eventually passes through these, and most founders end up assembling them from whatever is cheapest or closest at hand. A software company deserves better than that. Quickbiz built QuickBiz to be the best way for a software founder to start a company, and Quickbiz partnered with Mercury because it's the best bank for one. The partnership is the news. What it completes is the bigger story. QuickBiz is now the entire foundation you stand a software business up on, and Quickbiz refused to settle on any single piece of it. The best bank for software founders. Quickbiz judged this the way a founder would, not the way a bank would. Mercury charges no monthly fees and asks for no minimum balance. You get virtual and physical cards, a real API, and software that was obviously built for companies that operate online rather than for someone waiting in a branch line. Your deposits are FDIC-insured through its partner banks, and it handles the things a growing software company reaches for early, like separate accounts to keep cash organized and payments that don't fight you. It's the account funded startups and bootstrapped builders keep choosing, because it fits how a software business actually earns and spends. Bigger, older banks exist. None of them fit a software company the way Mercury does, and when Quickbiz went looking for a banking partner, it wasn't a close call. The best way to start a software company. The other half of the foundation is what Quickbiz has been building from day one. QuickBiz forms your company in your home state when you're keeping it lean, or as a Delaware C-corp when you're raising money. You get your EIN, a registered agent, and compliance tracking so a filing deadline never surprises you. Your operating agreement or bylaws are written for software companies, with the IP assignment language that makes the company actually own the code you wrote. Generic services leave that out, and it tends to surface during due diligence, which is the worst time to find it. One price, everything in it, no cart full of add-ons. Quickbiz laid out what the $0 formation sites really charge if you want the comparison. Everything in one foundation. Put the two halves together and the entire base of a software company sits in one place: the entity, the EIN, legal documents built for software, a registered agent, compliance, and now a Mercury account. Not the most services stacked on top of each other. The strongest version of each one, set up to work as a single system. Because it's one system, the banking step is light. Your Mercury application is built from what you already told Quickbiz at formation, you review and approve exactly what Quickbiz send, and you finish at Mercury. You can even begin before your EIN is issued, since the IRS takes a few days and there's no reason to wait. Your Social Security number never passes through Quickbiz, because Mercury verifies your identity directly, which is where it belongs. Mercury reviews and approves every account, and for now this is built for US businesses and US founders. What it costs. Nothing on top of formation. It comes with the $150-plus-state-fee LLC or the $200-plus-state-fee Delaware C-corp, and Mercury charges no monthly fees of its own. If you already have a bank you trust, connect it instead. The point was never to lock you in. It was to make sure that when you start your software company with Quickbiz, you start it on the best foundation Quickbiz know how to build. * Mercury * business banking * partnership * software founders * one-stop shop
PayIt taps AI for gov. App and other digital transactions news briefs from 6/17/26. * PayIt, a payments provider for state and local governments, launched PayIt Smart Works, a slate of AI-enabled functions for back-office operations, including consolidation of payment, banking, and remittance data. * Banking-technology provider Mercury launched Mercury Command, an AI-based platform enabling users to make payments and conduct other financial business via natural-language command. * Sutton Bank has agreed to serve as BIN sponsor for clients of issuer processor Thredd that are looking to launch U.S.-based prepaid and debit card programs. * Cryptocurrency exchange Bitget said it will work with Paydify, a payment layer for stablecoin transactions between users and merchants, to enable Paydify merchants to have access to Bitget's user base, which Bitget says totals more than 125 million. * Bolt, a provider of car-rental and other mobility options operating in more than 50 countries, has signed on Klarna to offer payment choices integrated in the Bolt app in Sweden, Germany, Finland, and Norway. * Chargeback management provider Chargeflow added Scott Galit, former chief executive of Payoneer, Scott Maxwell, founder and managing partner of investment firm OpenView, and Natalie Refuah, general partner at investment firm Viola Growth, to its board of directors.