Mercury is the operator of a financial technology company intended to serve as a banking stack for start-ups. The company offers FDIC-insured accounts, virtual and physical debit cards, currency exchange, domestic and international wires and also provides a banking experience with features like read & write API access, custom team management, and integrations with the tools your start-up uses, and offers minimally dilutive venture debt loans, enabling tech businesses to have a practical financial stack, real-time insight into business finances and tools to maximize operational efficiency.

Founded in 2017 by Immad Akhund, Max Tagher, and Jason Zhang, who previously built and sold the mobile ad network Heyzap, Mercury has seen significant growth, reaching over 100,000 customers across 200+ countries, processing $50 billion in transactions in 2022 alone. Mercury has raised over $163 million in funding from investors like Andreessen Horowitz, Coatue, and CRV. Notably, in the wake of Silicon Valley Bank's collapse in March 2023, Mercury saw an influx of over $2 billion in deposits in just a few days as startups sought out a reliable banking partner.

As a smaller and newer player in the banking industry, Mercury will need to continue building trust with customers, especially in an environment where many are fleeing to larger, established banks. There is also a risk that as Mercury's startup customers mature, they may graduate to banking giants like JP Morgan or Bank of America for more specialized services. However, Mercury's modern technology stack, streamlined user experience, and deep understanding of startups' needs give it a strong foundation to keep expanding its product suite and customer base. For potential employees, Mercury offers the opportunity to help redefine banking for a crucial and underserved segment of the economy at a company that has already reached a meaningful scale.