Mercury
Mercury offers business bank accounts, cards, bill pay and treasury products built for startups and small companies.
The Company
Mercury was founded in 2017 by Immad Akhund and serves startups and small businesses with online banking, cards and financial tools. It says it has more than 300,000 customers, about one in three U.S. startups, and has been profitable for four consecutive years.
In May 2026 Mercury raised a $200 million Series D led by TCV at a $5.2 billion valuation, up 49% in 14 months. It also received conditional approval from the OCC to establish Mercury Bank, N.A., which would let it hold deposits directly.
Why It Matters
Mercury is a read-through for startup formation and venture activity, and its bank charter would make it one of the few fintechs to become a national bank.
Valuation History
- $3.5B→Mar 2025Series C
- $5.2B→May 2026$200M Series D
What Changed
Mercury is founded.
A Series C values it at $3.5B.
A $200M Series D values it at $5.2B; conditional OCC approval for a national bank.
THE NEXT COMPANY. A CLEARER PICTURE.
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