About Mercury
Mercury is a company based in San Francisco (United States) founded in 2010 by Max Tagher, Jason Zhang, and Immad Akhund.. Mercury has raised $346 million across 6 funding rounds from investors including Natixis, Sequoia Capital and Spark Capital. Mercury has completed 3 acquisitions, including Allerez Corp, Performant and Teal. Mercury offers products and services including Business Banking, Treasury Management, Invoicing, Bill Pay, and Corporate Cards. Mercury operates in a competitive market with competitors including Brex, BlueVine, Tide, Novo and Found, among others.
- Headquarter San Francisco, United States
- Founders Max Tagher, Jason Zhang, Immad Akhund
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$346 M (USD)
in 6 rounds
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Latest Funding Round
$200 M (USD), Series C
Mar 21, 2025
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Investors
Natixis
& 16 more
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Employee Count
Employee Count
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Investments & Acquisitions
Allerez Corp
& 2 more
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Products & Services of Mercury
Mercury offers a comprehensive portfolio of products and services, including Business Banking, Treasury Management, Invoicing, Bill Pay, and Corporate Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing accounts and transactions
System for earning yields on idle cash
Tool for generating and tracking invoices
Service for handling and approving payments
Cards for controlled business spending
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Software Development Team
115 people
Senior Team
25 people
Onboarding Team
13 people
Human Resources and Administration
11 people
Sales and Marketing
11 people
Support Team
8 people
Operations Team
8 people
Customer Team
7 people
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Funding Insights of Mercury
Mercury has successfully raised a total of $346M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $200 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $200.0M
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First Round
First Round
(01 Aug 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series C - Mercury | Valuation | Sequoia Capital | |
| Oct, 2024 | Amount | Debt – Conventional - Mercury | Valuation |
investors |
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| Jul, 2021 | Amount | Series B - Mercury | Valuation | Coatue |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mercury
Mercury has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Natixis, Sequoia Capital and Spark Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mercury
Mercury has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Allerez Corp, Performant and Teal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Teal is focused on building accounting solutions for SMB software companies.
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2023 | ||||
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Provider of contracted-out business services across multiple sectors
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1999 | ||||
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Software development and data analytics services are provided.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mercury
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mercury Comparisons
Competitors of Mercury
Mercury operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, BlueVine, Tide, Novo and Found, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
Casino sites are evaluated and reviewed by Novo.
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| domain | founded_year | HQ Location |
Accounting and bookkeeping solutions are provided for small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mercury
Frequently Asked Questions about Mercury
When was Mercury founded?
Mercury was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is Mercury located?
Mercury is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Mercury?
Immad Akhund is the current CEO of Mercury. They have also founded this company.
Is Mercury a funded company?
Mercury is a funded company, having raised a total of $346M across 6 funding rounds to date. The company's 1st funding round was a Series B of $120M, raised on Aug 01, 2017.
What does Mercury do?
Mercury was founded in 2010 in San Francisco, United States, and operates in the fintech sector. Online business banking services and financial workflow management tools are offered through a dedicated platform. Banking operations, payments processing, expense tracking, invoicing, and accounting automations are managed via this system. Tools for sending and receiving payments, handling bills, generating invoices, and monitoring expenses are integrated to support business financial needs across the United States.
What products or services does Mercury offer?
Mercury offers Business Banking, Treasury Management, Invoicing, Bill Pay, and Corporate Cards.
How many acquisitions has Mercury made?
Mercury has made 3 acquisitions, including Allerez Corp, Performant, and Teal.
Who are Mercury's investors?
Mercury has 17 investors. Key investors include Natixis, Sequoia Capital, Spark Capital, Andreessen Horowitz, and CRV.
What is Mercury's valuation?
The valuation of Mercury is $1.62B as of Jul 2021.
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