Mercury
Mercury Technologies is a San Francisco-based fintech company that provides banking services for startups and SMBs, including banking accounts, credit cards, and financial software for managing expenses and payments. It offers a suite of financial products and services, including bank accounts, corporate credit cards, and software for automating bill payments, invoicing, and expense management.
Mercury is a financial technology company focused on modernizing business banking for startups and small to medium-sized businesses (SMBs).
Seven Rivers Capital and its investors own Mercury thru Investment Fund shares
Mercury is a financial technology company, not a bank. Business banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust; Members FDIC. Personal banking services provided through Choice Financial Group; Member FDIC.
Thankfully, Mercury is a breath of fresh air: a simple, even joyful, product that integrates seamlessly into all of a company’s financial processes and brings the best of modern banking services to ambitious founders and business owners. Startup natives themselves, co-founders Immad Akhund, Jason Zhang and Max Tagher saw firsthand how difficult it was for Silicon Valley companies to access institutional banking services, so they launched Mercury in 2019 with the goal to make it easier.
Meanwhile, Mercury is also moving from Silicon Valley to Main Street, as the types of customers the platform serves expand in kind—both with the launch of the Mercury Personal waitlist, and as the company’s reputation for quality spreads across industries. Last year alone, Mercury handled more than $150 billion worth of transactions; today, it serves more than 200,000 businesses.
In March 2025, Mercury raised $300 million in a Series C funding round. This significant funding round was led by the prominent venture capital firm Sequoia Capital.
The funding round doubled Mercury’s previous valuation, bringing its new worth to $3.5 billion.
The capital injection will be used to drive product innovation, expand the company’s customer base, and support its next phase of growth. Sequoia Capital is both a lead investor in Mercury and also a partner in supporting the company’s mission to simplify business banking, according to Sequoia Capital and Sequoia Capital. Mercury was founded by entrepreneurs who wanted to create a banking product that seamlessly integrated with a company’s financial workflows, a vision that aligns with Sequoia’s focus on supporting ambitious founders.
