Mercury

Company 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

Stage

Series D / late-stage private company

Total raised

$700M

Latest round

Series D · May 2026

Latest amount

$200M

Series D

May 2026 · TCV

$200M

Series C

Mar 2025 · Sequoia Capital

$300M

Debt financing

Oct 2024 · Natixis

$100M

Series B

Jul 2021 · Coatue

$120M

Seed

Jan 2019

$6M

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

Investors

2,500+ community members and angel investors

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

Pet-friendly offices with food, snacks, and beverages

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

Technology

Haskell

Yesod

Esqueleto

TypeScript

React

Swift

Kotlin

AWS

Nix/NixOS

PostgreSQL

Temporal

Redis

Docker

Terraform

Snowflake

OpenAI

Customers

Startups

Small businesses

Scaling companies

More than 300,000 customer companies (company-reported)

Competitors

Brex

Ramp

Tide

Bluevine

BILL

Airwallex

Scale & contact

Estimated revenue

$500M–$650M annual revenue/annualized revenue (2024 reported revenue: $500M; 2026 annualized revenue: $650M)

Signals & risks

Other

Mar 2025

Mercury 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.

Source

Other

Apr 2026

Mercury 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.

Source

Acquisition

Sep 2024

Third-party company data reports an acquisition of Teal; the transaction details were not independently confirmed in the reviewed primary sources.

Source

Latest news

Fintech firm Mercury hits $5.2 billion valuation after funding round

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.

Mercury Raises $200 Million Series D at $5.2B Valuation

Business Wire · May 2026

Company announcement of the Series D and participating investors, including existing backers.

Learn Haskell in two weeks

Mercury engineering blog · Mar 2026

Describes Mercury's ten-day exercise-driven Haskell onboarding program and backend technologies.

Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B

TechCrunch · Mar 2025

Coverage of the Series C, 2024 revenue, profitability, customer and employee counts, and the Evolve relationship exit.

Announcing Mercury's Series C

Mercury · Mar 2025

Mercury's official announcement of its $300M Series C, board changes, payroll expansion, and plans for product development and acquisitions.

About / team context Business banking Careers Engineering/company blog GitHub Homepage LinkedIn company Mercury Command Pricing X

SourcesMercury About Mercury homepage Mercury Jobs Mercury Series C announcement TechCrunch Series C coverage CNBC Series D and bank-charter coverage Serokell technology interview Mercury engineering blog Mercury GitHub

Jobs and careers at Mercury

64 jobs at Mercury

Senior Engineering Manager - Credit Cards

Remote

Engineering

San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States; Any Office or Remote

Today

Remote

Full-time