Other
Mar 2025Mercury announced it was ending its relationship with Evolve Bank & Trust and migrating customers to other partner banks after it had stopped sending new customers to Evolve in 2022.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Mercury is a U.S. fintech that provides banking and financial-operations software for startups, small businesses, and scaling companies. It is not itself an FDIC-insured bank; banking services are provided through partner banks. The platform combines business accounts, cards, payments, treasury, lending, invoicing, bill pay, expense management, accounting workflows, and AI-assisted financial operations. Mercury reports 300,000+ customers and 1,000+ employees.
Primary product
An online business-banking and financial-operations platform: checking and savings, cards, payments, treasury, lending, invoicing, bill pay, expense management, accounting integrations, and Mercury Command AI workflows.
Founded
2017
Headquarters
San Francisco, California, United States
Team size
1,000–1,600 (Mercury says 1,000+; third-party estimate 1,582 as of April 2026)
Work style
Remote
Industry
Financial services / fintech
Sub-industry
Business banking and banking technology
Offices
San Francisco, California
New York, New York
Portland, Oregon
Business model
B2B financial-services platform
Interchange and payments revenue
Net-interest and treasury-related revenue
Lending and credit products
Subscription/feature-based business software (pricing varies by product)
Funding
People & investors
Leadership
Immad Akhund
Co-founder and CEO
Jason Zhang
Co-founder and COO
Max Tagher
Co-founder and CTO
Joyce Chen
Head of VC & Law Firm Partnerships
Juliana Vislova
VP of Design
Work & culture
Remote-first and intentionally designed around autonomy, questioning processes, pursuing excellence, and strong engineering rigor. Engineering emphasizes correctness and provides structured Haskell training for new hires; Mercury describes a social culture that includes team trips, office events, and a tea-sharing ritual.
Work style
Remote
Visa sponsorship
Limited
Compensation
Public job postings provide role- and location-specific salary information, but no single company-wide compensation band was established from the reviewed sources. Benefits and retirement matching are publicly described; visa eligibility varies by role and location.
Benefits
Health, dental, and vision insurance
12+ weeks paid parental leave
$600 work-from-home equipment budget
$1,000 annual learning and development budget
Six-week paid sabbatical after five years
$100 weekly food budget
$100 monthly wellness budget
$50 monthly cellphone reimbursement
Unlimited vacation with mandatory minimum
401(k)/RRSP matching up to 4%
Carrot Fertility family-forming benefits
Product & market
Pricing
Free checking and savings with no monthly fees or minimums; other products such as cards, treasury, payments, lending, and software features have product-specific terms, fees, yields, or eligibility requirements.
Differentiators
- —Startup-focused onboarding and compliance
- —Integrated banking plus financial workflows in one platform
- —Low-fee/free core banking offering
- —Strong web and mobile user experience
- —No-personal-guarantee corporate card with cashback
- —Deeply typed Haskell backend and correctness-oriented engineering
- —Broad startup ecosystem and VC/law-firm partnerships
- —AI-assisted financial operations through Mercury Command
Scale & contact
Estimated revenue
$500M–$650M annual revenue/annualized revenue (2024 reported revenue: $500M; 2026 annualized revenue: $650M)
Signals & risks
Other
Apr 2026Mercury received conditional OCC approval to establish a national bank; final approval was expected to require further controls and could come in 2027. Until then, the business remains dependent on partner-bank arrangements.
SourceAcquisition
Latest news
CNBC · May 2026
Mercury raised $200M in Series D at a $5.2B valuation, led by TCV, and disclosed $650M annualized revenue and conditional OCC approval for a national bank charter.
Business Wire · May 2026
Company announcement of the Series D and participating investors, including existing backers.
Mercury engineering blog · Mar 2026
Describes Mercury's ten-day exercise-driven Haskell onboarding program and backend technologies.
TechCrunch · Mar 2025
Coverage of the Series C, 2024 revenue, profitability, customer and employee counts, and the Evolve relationship exit.
Open Positions
55 jobs at Mercury
Senior HRIS Analyst
Remote
People
San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States
Today
Remote
Full-time