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Mercury

Mercury

Mercury is a company making banking products for startups based in San Francisco and backed by a16z.

Mercury is a bank focused on serving startups; the bank is headquartered in San Francisco, California and was founded in 2017 by Immad Akhund, Jason Zhang, and Max Tagher. The company officially began offering its services on April 17, 2019, after announcing the launch of their private alpha in a blog post written by the company's co-founder, Immad Akhund. The company's startup banking software product focuses on creating a simple user interface, the ability to offer financial services, and company insight through data that Mercury has on each startup company using their products and services. Mercury startup bank accounts come with the following features: checking accounts, savings accounts earning 1-1.75% interest, debit cards, ACH payments, check payments, domestic and international wire transfers, and access to their web application.

Funding

They have received funding from: Andreessen Horowitz, L2 Ventures, Eric Wu, Joshua Reeves, Roger Smith, Howie Liu, Justin Kan, Tikhon Bernstam, James Beshara, Matt Humphrey, Tomer London, James Tamplin, Jude Gomila, Max Mullen, Zach Coelius, Bill Clerico, Jared Friedman, Naval Ravikant, Zach Perret, Elad Gil, John Bautista, and Qasar Younis.

Seed

In August 2017, Mercury completed their seed funding round with $6 million in funding from Andreessen Horowitz (lead investor), Naval Ravikant, Roger Smith, Justin Kan, Joshua Reeves, Jude Gomila, Tomer London, Max Mullen, and Zach Perret.

Timeline

July 2021
Mercury raises a $100,000,000 series B round from Coatue Management.
September 26, 2019
Mercury raises a $20,000,000 series A round from Andreessen Horowitz, Charles River Ventures, Kevin Durant, Kevin Hartz, Ryan Petersen, Scott Belsky and The a16z Cultural Leadership Fund.
April 17, 2019
Mercury launches to the public

The launch was announced in a blog post.

August 18, 2017
Mercury was founded by Immad Akhund, Jason Zhang and Max Tagher.
August 2017
Mercury raises a $6,000,000 seed round from Andreessen Horowitz.
2017
Founding of Mercury

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Growth funding for SaaS founders: Mercury x Capchase

Web

January 21, 2022

Make the Most of BFCM: Mercury x Wayflyer

Web

November 19, 2021

Mercury opens bank for startups with funding from Andreessen Horowitz

Dean Takahashi

Web

April 17, 2019

News

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Title
Author
Date
Publisher
Description
Richard Speed
October 4, 2021
go.theregister.com
William Shatner joins crew for Bezos' number two
Laura Dobberstein
October 4, 2021
go.theregister.com
Fourth of nine scheduled planetary assists completed as spacecraft inches closer to releasing its orbiters
October 2, 2021
Chron
BERLIN (AP) - A joint European-Japanese spacecraft got its first glimpse of Mercury as...
The Associated Press
October 2, 2021
ABC News
A joint European-Japanese spacecraft got its first glimpse of Mercury as it swung by the solar system's innermost planet while on a mission to deliver two probes into orbit in 2025
October 2, 2021
AP NEWS
BERLIN (AP) -- A joint European-Japanese spacecraft got its first glimpse of Mercury as it swung by the solar system's innermost planet while on a mission to deliver two probes into orbit in 2025.The BepiColombo mission made the first of six flybys of Mercury at 11:34 p.m.
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References

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