Mercury

Private

San Francisco digital banking platform for startups and SMBs. Online business checking and savings, corporate cards, bill pay, venture debt, and treasury for 300,000+ customers. Roughly $650M annualized revenue with four straight profitable years. Received OCC conditional approval for a federal bank charter ahead of the May 2026 Series D.

Founders Immad Akhund

CEO Immad Akhund

Company

Founded

2017

Headquarters

San Francisco, United States

Financials

Total Funding

$646M

Last Valuation

$5.2B

Sectors

Fintech SaaS Payments Enterprise Software

mercury.com

Funding History

5 rounds

Series D May 20, 2026

$200M

Valuation: $5.2B

Technology Crossover Ventures (Lead) Andreessen Horowitz Coatue Management CRV Sapphire Ventures Sequoia Capital Spark Capital

Series C Mar 15, 2025

$300M

Valuation: $3.5B

Sequoia Capital (Lead)

Series B Jul 15, 2021

$120M

Valuation: $1.6B

Series A Sep 15, 2019

$20M

CRV (Lead)

Seed Sep 15, 2017

$6M

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.