Mercury Stock

mercury.comFinTech / Digital BankingFounded: 2017Funding to Date: $206.65MM

Mercury offers banking for startups. Founders can access free checking and savings accounts, debit and credit cards, domestic and international wire transfers, treasury, venture debt, and more. Mercury also offers community programs that provide founders with connections, advice, and resources. This company was founded in 2019 by Immad Akhund, Jason Zhang, and Max Tagher and is headquartered in San Francisco, CA.

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Management Team

Immad Akhund
Co-Founder, Chief Executive Officer, President & Board Member
Jason Zhang
Co-Founder & Chief Operating Officer
Maximilian Tagher
Co-Founder & Chief Technology Officer
Carly Lippman
Head of People

Board Members

Saar Gur

Other companies like Mercury in the Digital Banking sector

Last Round Est. Valuation
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Last Round Est. Valuation
Last Round Est. Valuation
Last Round Est. Valuation
Last Round Est. Valuation

News Highlights

Mercury has attracted over $2 billion in deposits since SVB fell. Now its CEO is trying to convince startups to stick around
Could the future of banking be with a fintech that’s not actually a bank at all? That’s what Immad Akhund, CEO of Mercury, argues. He founded Mercury six years ago with the goal of making banking more user-friendly for startups.
Mercury Takes Aim at Replacing Silicon Valley Bank As Tech Hubs Go-To Bank and Lender
Financial technology (fintech) company Mercury has been popular in the venture debt sector, with many startup CEOs using its accounts as a backup. In the wake of SVB’s $42 billion bank run, many venture capitalists had been advising their startup owners to withdraw funds from Silicon Valley Bank accounts.
Mercury expands FDIC insurance up to $3M through new Vault product
Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer.
Updated on: Sep 23, 2023