Mercury is a fintech startup offering banking services tailored to the needs of startups.
Mercury provides bank accounts built specifically for startups by combining Federal Deposit Insurance Corp (FDIC)-insured checking and savings accounts with tech tools like cashflow analytics, intuitive dashboards, and efficient payments.
Mercury was founded in 2016 by Immad Akhund, Max Tagher & Jason Zhang and is based in San Francisco, California.
Mercury’s API lets companies access their accounts programmatically, enabling things like transaction reconciliation, custom money sweep rules, mass payment sending, and real-time transaction monitoring.
Mercury is backed by Andreessen Horowitz, Charles River Ventures, Eventbrite CEO Kevin Hartz, NBA players Andre Iguodala and Kevin Durant, and others. The company raised $20M from a latest "Series A" financing on Sep 26, 2019. This brings Mercury's total funding to around $30M to date.