Mercury
Banking built for startups — venture debt, FX, integrations
Fintech
📍 San Francisco, CA
Founded 2017
Current Valuation
$5.2B
as of 2026-Q2
UNICORN
Mercury benefited massively from the SVB collapse in 2023, becoming the default startup bank. Now expanding into venture debt, FX, personal banking, and an AI-native ledger built around how a business actually operates. Profitable for four consecutive years and announced a $200M Series D at a $5.2B valuation in May 2026 — up from $3.5B at the March 2025 Series C — pitched as a platform play for the next-five-years cohort of AI-accelerated startup formation. CEO Immad Akhund.
Company Profile
Est. Revenue
$350M (2026-Q1)
Growth
Profitable 4 consecutive years
Last Round
Series D — $200M (May 2026) · Lead: Undisclosed (announcement did not name lead)
IPO Status
no imminent plans
Founders & Key People
Immad AkhundMax TagherJason Zhang
Investors
Sequoia · a16z · CRV · Coatue · Lee Fixel
Products
- Mercury Checking & Savings
- Mercury Treasury
- Mercury Venture Debt
- Mercury IO (corporate cards)
- Mercury for Personal
Competitors
Brex · Ramp · Silicon Valley Bank (now First Citizens) · Chase
FintechBanking
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q2. Refreshed quarterly.