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Provides online business banking, corporate cards, treasury, and bill pay to startups and small businesses through partner banks, with a software-first product designed for founders and finance teams.
Provides online business banking, corporate cards, treasury, and bill pay to startups and small businesses through partner banks, with a software-first product designed for founders and finance teams.
Founded in 2017 in San Francisco by Immad Akhund, Max Tagher, and Jason Zhang after Akhund, a serial founder and Y Combinator alum whose previous mobile-ads company Heyzap had been acquired, kept hearing from founders that traditional banks were a terrible fit for early-stage startups. Mercury launched publicly in 2019 and now serves hundreds of thousands of businesses.
Series D includes existing investors Sequoia, a16z and Coatue; valuation up 49% in 14 months.
Immad Akhund details Mercury's 2025 growth, profitability streak and product roadmap.
Fortune reports Mercury hit $650M in annualized revenue in September 2025, up from $500M in 2024, with 10 straight quarters of GAAP profitability.
CEO formalizes 350+ angel investments into a $26M fund to back early-stage founders.
Primary + secondary round including Coatue, CRV, a16z, Spark and Marathon; Mercury serves 200K+ businesses.
Co-Founder & CTO
Previously Engineer at Heyzap
Technical co-founder of Mercury; worked with Akhund at Heyzap before starting Mercury in 2017.
Co-Founder & COO
Co-founder leading Mercury's operations.
$646M raised total
Petitioner on record
MERCURY TECHNOLOGIES INC · SAN FRANCISCO, CA
FY 2025
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