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Mercury Stock (MERC)
Financial Infrastructure for Businesses
Mercury is a financial technology company that provides banking services specifically tailored for startups and small businesses.
About Mercury Stock
Founded
2017
Headquarters
San Francisco, CA, US
Total Funding
652M
Industries
Financial Services, Professional Services, Lending and Investments
Mercury is a financial technology company that provides business services specifically tailored for startups and small businesses. The company offers FDIC-insured bank accounts through partnerships with traditional banks and provides financial tools such as corporate credit cards, expense management and software APIs.
Mercury Press Mentions
Stay in the know about the latest news on Mercury
Natural Raises $30M Series A to Build Payments Infrastructure for AI Agents
vcaonline • Jul 22, 2026
Natural Raises $30M Series A to Build Payments Infrastructure for AI Agents
prnewswire • Jul 20, 2026
Vorflux Raises $15M in Seed Funding
finsmes • Jul 20, 2026
The Week’s 10 Biggest Funding Rounds: A Pair Of Billion-Dollar Deals For Cyber And AI Infrastructure Lead
news • Jul 10, 2026
Mercury Raises $200M Series D
thesaasnews • Jul 08, 2026
Investors in Mercury
Discover investors in Mercury stock and explore their portfolio companies
Mercury Management
Leadership team at Mercury
CEO & Co-Founder
Immad Akhund
CCO
Steve Pearlman
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Mercury Key Facts
- Strong Valuation and Capital Expansion: In May 2026, Mercury Technologies secured $200 million in a Series D funding round, boosting its total valuation to $5.2 billion compared to its $3.5 billion Series C valuation in early 2025. Led by investment firm TCV, this capital injection reflects sustained investor confidence in Mercury’s multi-product growth and market-leading position among tech and startup financial software platforms.
- Sustained Top-Line Growth and Sector Diversification: Demonstrating strong operational scale, Mercury reached $650 million in annualized revenue in late 2025 and expanded its transaction volume to $248 billion, a 59% year-over-year increase. Furthermore, Mercury has effectively broadened its user footprint beyond tech startups; 73% of new customers acquired by late 2025 were outside the core AI or startup category, driving total user adoption to over 300,000 businesses.
- Regulatory Milestones and Reduced Bank-Partner Dependency: In April 2026, Mercury received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter. This regulatory milestone follows the strategic migration of its customer accounts to new partner banks like Column N.A. and Choice Financial Group, reinforcing the company’s platform stability, operational autonomy, and long-term compliance framework.
- Regulatory Compliance Scrutiny and Market Contraction: Increased oversight from federal regulators on banking-as-a-service (BaaS) sponsors, specifically regarding foreign account opening practices at Choice Bank, compelled Mercury to abruptly offboard startups with non-U.S. founders holding passports from restricted countries. Furthermore, following regulatory consent orders against its partners, Mercury announced it would sever its relationship with Evolve Bank & Trust, forcing a complex migration of customer deposits to Column N.A. and Choice Financial Group. These regulatory pressures restrict Mercury's addressable international customer base and increase friction across its banking pipeline.
- Third-Party Data Breach and Brand Reputation Spillover: Mercury suffered secondary reputational damage and client trust erosion when LockBit ransomware actors targeted its key partner, Evolve Bank & Trust. The cyberattack led to the leak of corporate account details and deposit balances belonging to Mercury's startup clients, highlighting structural security vulnerabilities, potentially undermining client confidence.Â
- Execution Overhead and Ongoing Regulatory Hurdles for National Charter: In April 2026, the Office of the Comptroller of the Currency granted conditional approval for Mercury to establish Mercury Bank, N.A. Transitioning from a nimble fintech software platform to a full-service national bank may expose Mercury to higher compliance expenses, strict capital liquidity requirements, and additional regulatory sign-offs from the FDIC and Federal Reserve. This operational shift can risk dampening short-term profitability and slowing product innovation relative to non-chartered competitors.
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