Full-Time

Senior Product Manager

Personal Banking

Updated on 2/13/2025

Mercury

Mercury

1,001-5,000 employees

Banking services for startups and founders

Fintech
Financial Services

Compensation Overview

$203.1k - $238.9kAnnually

Senior, Expert

San Francisco, CA, USA + 4 more

More locations: Remote in USA | New York, NY, USA | Portland, OR, USA | Remote in Canada

Remote work is available within Canada or the United States.

Category
Product Management
Product
Required Skills
Product Management

You match the following Mercury's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 7+ years of relevant product management experience in a financial technology company
  • 5+ years of experience working on directly regulated products in the banking, insurance, wealth management, or treasury space at a growth-stage startup
  • Be technically inclined or comfortable enough with technical concepts to produce detailed-oriented requirements that enable your team to ship high-quality features
  • Be able to balance a deep technical understanding of product and partner requirements with user empathy
  • Be able to take complex problems and distill them into first principles
  • Be capable of managing multiple projects simultaneously while keeping a high bar for execution and customer experience
Responsibilities
  • Co-own with design and engineering an ambitious product roadmap for consumer investment and banking products from ideation to execution
  • Prioritize areas of product investment using a range of qualitative and quantitative inputs, often to make tradeoffs in a highly ambiguous environment
  • Be a collaborative powerhouse across Mercury, ensuring stakeholders are brought in and aligned on the vision of Mercury treasury and feel joint ownership over strategy and results
  • Create strategy and frameworks to inform our future personal banking and investment partnerships strategy
  • Clearly communicate technical and non-technical product specifications for personal banking product improvements/features to enable efficiency across a wide breadth of stakeholders
  • Identify opportunities to improve the consumer product experience, enabling both larger and smaller-scale projects
  • Drive accountability — hold yourself and others accountable in service of great work
Desired Qualifications
  • Securities licensed: Series 7, Series 63 (not required but a plus)

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 the ability to conduct domestic and international wire transfers. Additionally, they provide treasury services and venture debt, allowing founders to manage their finances effectively. What sets Mercury apart from traditional banks is its focus on the startup community, offering not just financial products but also community programs that connect founders with valuable resources and advice. The goal of Mercury is to empower startup founders to build successful companies by providing them with the financial tools and support they need.

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$146.8M

Headquarters

San Francisco, California

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Mercury secured a $100 million credit warehouse to expand its credit card business.
  • The acquisition of Teal enhances Mercury's financial management offerings for startups.
  • Mercury Personal expands market reach by attracting tech-savvy individuals.

What critics are saying

  • Mercury's decision to stop serving certain countries may lead to customer loss.
  • Integration challenges from the Teal acquisition could disrupt services.
  • Expansion into consumer banking might divert focus from core startup services.

What makes Mercury unique

  • Mercury offers both business and personal banking services, unlike many fintech competitors.
  • The company provides integrated financial management tools, enhancing startup operational efficiency.
  • Mercury's Raise program connects startups with investors, mentors, and other founders.

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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

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

2%
PYMNTS
Oct 10th, 2024
Unlocking Innovation Beyond Payments Tops Week In B2B

Innovation is no good to the businesses that fail to embrace it. But as advanced technologies to streamline payments and financial data management reshape competition in commercial payments, the transformation of business-to-business (B2B) payments is taking center stage this month as PYMNTS, together with industry experts, dissect the technologies, strategies and collaborations that are reimagining what commercial payments could be. The first week of the Outlook 2030 event centers on how platform and network models are impacting business payments. Week Two covers interoperability and data standards, while Week Three lands on closed vs. open networks. We end the month with the lifeblood of any company: cash flow

FF News
Oct 9th, 2024
Mercury Secures $100m Credit Warehouse With Natixis to Scale Corporate Credit Card Business and Serve More Customers

Today, we’re excited to announce that Mercury secured a $100 million credit warehouse with multinational bank Natixis Corporate & Investment Banking.

PYMNTS
Oct 8th, 2024
Mastercard to Begin Rollout of Real-Time Card Payments in South Africa

FinTech company Mercury secured a $100 million credit warehouse with Natixis Corporate & Investment Banking to grow its corporate credit card business.

BetaKit
Sep 10th, 2024
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount

Vancouver-based seed-stage startup Teal has been acquired by San Francisco FinTech firm Mercury for an undisclosed amount.

The Paypers
Jul 26th, 2024
Mercury Stops Serving Startups In Several Countries

Digital banking startup Mercury has recently announced that it no longer serves US-domiciled customers with passports from certain countries, including Ukraine, Nigeria, and others. Mercury recently faced federal scrutiny for allowing foreign companies to open accounts through one if its partners, Choice Bank. The Federal Deposit Insurance Corporation (FDIC) showed concerns over the fact that Choice Bank had opened Mercury accounts in legally risking countries. To address that, a spokesperson from Mercury stated that the company has updated its eligibility requirements and notified certain customers that it could no longer support them due to their addresses or the locations where they were recording frequent account activities. Some of these locations include, among others, Ukraine, Nigeria, North Korea, Iran, Libya, and Russia. However, the change in policy for Ukrainian people only appears to be applied to founders living in East European country, and not founders living in the US with a Ukrainian passport

Fintech Alliance
Jul 24th, 2024
Mercury Bank to Close Accounts in Prohibited Countries by August

US fintech company Mercury Bank has announced it will close accounts for users in several prohibited countries, including Zimbabwe, by August 22, 2024.

PYMNTS
Jul 2nd, 2024
Dem Senators To Synapse: Let Customers Access Deposits

Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse:. Let your customers get access to their deposits. The four senators — Senate Banking Committee chair Sherrod Brown of Ohio, Ron Wyden of Oregon, Tammy Baldwin of Wisconsin and Pennsylvania’s John Fetterman — wrote to the company’s owners and FinTech partners Monday (July 1), calling on them to restore customers’ access to their funds

PYMNTS
May 10th, 2024
Transforming Back-Office Functions Lets Firms Move Forward With Certainty

Innovation across the payments sector has taken off over the last decade. Driven by automation, speed, security and convenience, electronic payments advances are reshaping back-office workflows and transforming processes historically viewed as static administrative functions. And with the news this week that digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the benefits of emerging digital innovations across procurement and spend management are top of mind for businesses. “Every scaling company needs financial software to run their business. But today, the critical tools that help teams do seemingly simple tasks like pay bills, manage employee spend, and send invoices are needlessly complex … finance teams have to use multiple tools to run these workflows,” Mercury Co-founder and CEOImmad Akhund said in a Tuesday (May 7) news release

FF News
Apr 18th, 2024
Mercury Launches Personal Banking - Fintech Finance

Mercury, the fintech over 100,000 startups use for banking*, today announced its expansion into consumer banking with the launch of Mercury Personal, a powerful personal banking experience designed with the best of today’s technology to help builders in tech optimize their money. Like Mercury for business, Mercury Personal delivers an intuitive product experience designed to simplify and improve banking tasks. Mercury Personal customers can set auto-transfer rules to move money between accounts, give access to additional users and customize permissions for each, issue multiple debit cards** with custom spending limits, and access up to $5M in FDIC insurance* through our partner bank and its sweep network. Mercury Personal customers can also earn a competitive 5.00% APY*** on high-yield savings accounts. “As we celebrate the fifth anniversary of Mercury’s launch, introducing Mercury Personal marks not just our expansion into consumer banking*, but a step forward in growing our relationships with the founders and tech leaders we serve,” said Immad Akhund, co-founder and CEO of Mercury. “By offering personal banking* for founders and investors, we’re able to deepen our relationship with them

PYMNTS
Apr 17th, 2024
Mercury Expands Into Consumer Banking With Mercury Personal

Startup-focused banking FinTech Mercury is getting into the consumer banking business.The company has launched Mercury Personal, designed to help builders in the tech sector optimize their money, according to a Wednesday (April 17) news release.“Many founders and investors are not happy with their bank accounts today and often need to switch between several platforms to access a full suite of services,” Alexey Likuev, head of personal banking at Mercury, said in a news release.“There is a paradox in today’s banking landscape: most neobanks focus on a pretty basic offering aimed at lower-income individuals and the underbanked.”At the same time, he added, traditional banks offer private banking and wealth management services that involve routine communications with a banker, even if it involves simple tasks like sending a wire transfer.“Most founders are just looking for a powerful self-service banking option they can use for their personal needs,” Likuev said. “And that is where Mercury Personal comes in.”According to the release, the offering provides users with high-yield savings accounts, enhanced FDIC insurance and automated money management. Customers can also create multiple checking and savings accounts according to their financial goals, and send “no-fee wires, ACH transfers and checks without the need to talk to a banker.”PYMNTS examined the changing role in banking in a recent conversation with Shaunt Sarkissian, founder/CEO of AI-ID, who spoke with PYMNTS for the “What’s Next in Payments Series: What Is a Bank — the Changing Landscape of Banking and Financial Services.”“Banks still play the role they’ve always played, but as we become digital, as we become mobile and as the banks become branchless, the relationship becomes centered in the technology and the capabilities — not always the individuals, the bankers that knew you,” he said.As that report noted, banks have traditionally been characterized by their brick-and-mortar presence. Sarkissian said that although the nature of banking interactions has evolved, the trust that customers place in their banks is still the same.All the same, technology now lets customers manage their finances online — and often from mobile devices and apps — reducing the need for physical branch visits.“It used to be that mobile was viewed as one of many form factors, and people would primarily access their banking services via the web … but mobile has become the de facto bank interface for the vast majority of consumers and businesses,” Sarkissian said