Mercury Stock
Financial Infrastructure for Businesses
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About Mercury Stock
Mercury is an online bank that provides business banking services, such as virtual debit cards and software to connect bank accounts to payment processors. The company's goal is to empower these businesses by offering them a zero-fees banking stack, inclusive of a business checking and savings account.Â
Mercury was founded in 2019 by Immad Akhund and is headquartered in San Francisco. Notable investors include Coatue, CRV, and Andreessen Horowitz.
Investors
Sapphire Ventures
One97, Netskope, DataRobot, DocuSign, Attentive, ThoughtSpot, Square, project44, Exabeam, Box
CRV
DoorDash, Airtable, Bird, Fair, Cybereason, Twitter, Niantic, ClassPass, Recursion Pharmaceuticals, Freenome
Chapter One Ventures
Homebrew
Chime, Carbon Health, Gusto, Plaid, Shield AI, Bowery Farming, Mercury, Tia, Shyp, Chain
Caffeinated Capital
Airtable, Opendoor, Affirm, Brex, SingleStore, Boom Supersonic, Divvy Homes, Virta Health, Mercury, CloudTrucks
Funding History
| January 2017 | $59K |
|---|---|
| January 2018 | $200K |
| January 2018 | $30K |
| January 2018 | $4.7M |
| November 2019 | $720K |
| November 2019 | $100K |
| November 2019 | $345K |
| November 2019 | $125K |
| November 2019 | $21.0M |
| January 2021 | $19.3M |
| January 2021 | $150K |
| July 2021 | $160M |
Management
CEO & Founder
Immad Akhund
COO, Co-Founder
Jason Zhang
Press
businessinsider - Aug, 5 2023
Salary startup Comprehensive raised $6 million to simplify managing employee pay data. Here's the pitch deck it used to woo investors.forbes - Jul, 20 2023
On Technology: These Are 50 Hot Software Applications For SMBs This Yearnews - Mar, 29 2023
Private Credit Funds, Banks Will Aggressively Push To Fill SVB’s Role — Likely At Higher Ratesmedium - Mar, 10 2023
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Some data provided by Crunchbase
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