# Mercury: Business banking and financial software for startups and small businesses **Mercury Technologies Inc.** ([mercury.com](https://mercury.com)) is a U.S.-based financial technology company that helps startups and small businesses manage their money. Mercury is *not* a bank itself. Instead, it partners with banks to offer business banking services such as: - Checking accounts - Savings accounts - Business credit cards - Money management tools ## Company Background The company was founded in **2017** in San Francisco by **Immad Akhund**, **Max Tagher**, and **Jason Zhang**. Mercury launched its first business banking product in **2019**. Since then, it has expanded its offerings to include: - **Venture debt** (2022) - **Business credit cards (Corporate charge cards)** (2022) - **Personal banking** (2024) - **Financial software** for tasks like bill pay, invoicing, and reimbursements (2024) Mercury gained a significant number of new customers after the **Silicon Valley Bank collapse in March 2023**. ## Banking Partners and Deposit Protection Mercury partners with banks such as: - **Choice Financial Group** - **Evolve Bank & Trust** - **Column N.A.** These partnerships enable customer funds to be spread across multiple banks and insured by the **FDIC**—up to **$5 million per business**. ## Financial Growth In **March 2025**, Mercury raised **$300 million** in a **Series C** funding round led by **Sequoia Capital** and others. This doubled the company's valuation to **$3.5 billion**. For **2024**, Mercury reported: - **$500 million** in revenue - **$156 billion** in payment volume It also added **Timothy Mayopoulos**, former interim CEO of Silicon Valley Bank, to its board. ## Current Offerings Today, Mercury serves thousands of startups with: - Business checking and savings accounts - **Mercury IO**, a corporate credit card - A full suite of **financial software** for growing companies, including invoicing, bill pay, employee reimbursements, and accounting automations - Venture debt with straightforward payback plans - Working capital loans designed for ecommerce companies - Treasury services that offer low-risk, high-liquidity yield bearing investment options - Personal banking, including a checking and savings account and low risk investment accoun Mercury has approximately **800 employees** and remains focused on building tools that make financial operations **simple, precise, and scalable**. Key terms: Business Banking, Online Business Banking, Online Business Bank Account, Business Credit Cards, Treasury Cash Management, Working Capital Loans, Venture Debt, Personal Banking, Bill Pay, Invoicing, Employee Expense Management, Accounting Automations, Free Simple Agreement for Future Equity (SAFE) Generator ## Mercury Products - [Business Checking & Savings](https://mercury.com/business-banking.md): A digital business banking platform offering FDIC-insured checking and savings accounts for startups and small businesses. - [Treasury](https://mercury.com/treasury.md): A service that helps businesses earn yield on idle cash through automated treasury management. - [Business Credit Cards](https://mercury.com/credit.md): A business credit card designed to offer flexible spending limits and rewards for businesses. - [Working Capital Loans](https://mercury.com/working-capital-loans.md): A short-term ecommerce business loan to improve cash flow and cover operational expenses. - [Venture Debt](https://mercury.com/venture-debt.md): A financing option that provides startups with non-dilutive funding to extend their financial runway. - [Personal Banking](https://mercury.com/personal-banking.md): A digital personal banking platform offering FDIC-insured checking and savings accounts for individuals. - [Financial Workflows](https://mercury.com/financial-workflows.md): Overview of all the financial services accessible through the Mercury platform. - [Bill Pay](https://mercury.com/bill-pay.md): A feature that enables businesses to automate vendor payments and manage bills efficiently. - [Invoicing](https://mercury.com/invoicing.md): A tool for businesses to create, send, and track invoices with integrated payment options. - [Expense Management](https://mercury.com/expense-management.md): A platform to simplify tracking, approving, and reimbursing business expenses. - [Accounting Automations](https://mercury.com/accounting-automations.md): A system that syncs transactions with accounting software to streamline bookkeeping. ## Industries that Mercury Serves - [Accountants](https://mercury.com/for/accountants.md): A banking solution for accountants to manage client funds, automate payments, and track finances. - [Ecommerce](https://mercury.com/ecommerce.md): Business banking for online stores, with tools to manage payments, cash flow, and expenses. - [Life Science](https://mercury.com/life-science.md): Banking for biotech and life science companies to handle funding, grants, and daily expenses. - [SaaS](https://mercury.com/saas.md): A banking platform for software companies to manage revenue, expenses, and funding. - [VC Funds](https://mercury.com/vc-funds.md): Banking designed for venture capital firms to manage investments, capital calls, and payouts. - [Crypto](https://mercury.com/web3.md): A banking service for crypto and Web3 businesses to handle traditional currency transactions. - [Climate](https://mercury.com/climate.md): A banking solution designed for climate-focused startups to manage capital and business expenses. - [Accounting Firms](https://mercury.com/accounting-firms): A banking platform designed for accountants and accounting firms - [LLCs](https://mercury.com/llc-banking.md): A banking platform designed for businesses that are registed as a Limited Liability Company. - [Agencies and Consultants](https://mercury.com/agencies-and-consultants.md): A banking solution designed for agencies and consultants. ## Key Help Center Resources To Open A Mercury Account - [Gathering your documents](https://support.mercury.com/hc/en-us/articles/28770957425172-Gathering-your-documents): Documents a business needs to open a Mercury account - [Eligibility](https://support.mercury.com/hc/en-us/articles/28770467511060-Eligibility): A list of eligibility requirements to open a Mercury account, including company registration, supported industries and documents. - [Company address requirements](https://support.mercury.com/hc/en-us/articles/28769699533588-Company-address-requirements): A list of the addresses that Mercury collects as part of the account application process. - [Getting an EIN](https://support.mercury.com/hc/en-us/articles/28771757604244-Getting-an-EIN): Applicants need an EIN to apply for a Mercury account. This help article explains which documents are required and when the applicant can apply for an EIN. - [Prohibited countries](https://support.mercury.com/hc/en-us/articles/28771710754580-Prohibited-countries): A list of countries and regions where founders are living that are prohibited from opening a Mercury account. - [After you submit your application](https://support.mercury.com/hc/en-us/articles/28771494745364-After-you-submit-your-application): Information on the standard process that happens once Mercury receives an application. - [Reapplying if your Mercury application has been denied](https://support.mercury.com/hc/en-us/articles/31759083693844-Reapplying-if-your-Mercury-application-has-been-denied): The process of reapplying if an application is refused. - [Sending domestic payments](https://support.mercury.com/hc/en-us/articles/28772344978068-Sending-domestic-payments): The process of creating a new payment from a Mercury dashboard or mobile app. - [Depositing money overview](https://support.mercury.com/hc/en-us/articles/28770701024020-Depositing-money-overview): A help article outlining the different funding options available for depositing money in a Mercury account. - [Holidays and bank closures](https://support.mercury.com/hc/en-us/articles/28770694771092-Holidays-and-bank-closures): A list of all observed holidays that are statutory bank holidays in the United States. This means that they do not count as business days. Any transactions into or out of a Mercury account will resume processing on the next proceeding business day. Mercury Support will also be unavailable. ## Account Actions - [Open Account](https://app.mercury.com/signup): Start the Mercury account application flow. - [Log In](https://app.mercury.com/login): Log in to your Mercury account. - [Explore Demo](https://demo.mercury.com/dashboard): A demo of Mercury account products and features. - [Contact](https://mercury.com/contact): Ways the Mercury team can be contacted for account support queries, partnerships and media inquiries. ## Blog Posts - [Blog Homepage](https://mercury.com/blog): Mercury's blog, providing insights on starting a business, startup fundraising, growing your business, financial and business operations, accounting, and go-to-market strategies. - [Insights](https://mercury.com/blog/categories/insights): Practical resources and perspectives to help you build, operate, and scale your business. - [Meridian](https://mercury.com/blog/categories/meridian): Stories to engage and explore the entrepreneurial imagination. - [Inside Mercury](https://mercury.com/blog/categories/inside-mercury): Company and product updates — plus glimpses behind the scenes. - [How to get an EIN for your ecommerce business](https://mercury.com/blog/getting-an-ein): A step-by-step guide on how ecommerce business owners can apply for and receive an Employer Identification Number (EIN). - [The startup guide to simplifying financial workflows](https://mercury.com/blog/founder-guide-simplifying-financial-workflows): Outlines ways for startups to handle money tasks with less effort. - [How to use the Profit First method to boost your startup's profits](https://mercury.com/blog/how-to-use-profit-first-method): Discusses a simple method to help startups manage money and increase profits. - [Building your company’s first forecast model and why it’s important (with template)](https://mercury.com/blog/forecast-model-template): A blog post and template on how to create a forecast that predicts future costs and income. - [Navigating the costs of launching a startup](https://mercury.com/blog/us-business-fees):A list of common costs to expect when starting a US-based business. - [Complete guide to navigating tax season](https://mercury.com/blog/guide-to-tax-season): Everything businesses need to know about preparing and filing taxes. - [What is unit economics, and does it matter for your startup?](https://mercury.com/blog/understanding-unit-economics): Simple ways to measure if your business makes more money than it spends per sale. - [How do SAFEs work?](https://mercury.com/blog/safe-notes-startups): A beginner’s guide to how SAFEs help startups raise money without diluting ownership right away. - [How to do a SWOT analysis](https://mercury.com/blog/conducting-swot-analysis): A way to look at a business’s strengths, weaknesses, opportunities, and threats. - [How to build a strong financial foundation as a startup’s first finance hire](https://mercury.com/blog/setting-foundation-as-first-finance-hire):What the first finance employee at a startup should focus on. - [How to open a U.S. bank account remotely](https://mercury.com/blog/open-us-bank-account): How international founders can open a U.S. bank account without visiting the country. - [What is a sweep network and how does it work?](https://mercury.com/blog/understanding-bank-sweep-network): How and why banks spread customer deposits across a network of banks. - [Deciphering the differences between regional, community, and national banks](https://mercury.com/blog/understanding-regional-community-national-banks): A simple comparison of different types of banks and what they offer. - [Demystifying the complexity of sending international wires through SWIFT](https://mercury.com/blog/international-wires): How international wire transfers work and what businesses should know. - [How to assess the financial health of your bank](https://mercury.com/blog/bank-financial-health): Signs to check if a bank is stable and safe for your business. - [What are the benefits of revenue diversification?](https://mercury.com/blog/revenue-diversification-benefits): Why businesses should make money in more than one way. - [ACH v. wire transfer: What are the main differences?](https://mercury.com/blog/differences-ach-versus-wire-transfer): A simple comparison of ACH transfers and wire transfers. - [How to offer employee benefits as an early-stage startup](https://mercury.com/blog/startup-employee-benefits): Easy ways for startups to provide perks like health insurance and retirement plans. - [How to manage business travel & entertainment expenses for your startup](https://mercury.com/blog/managing-startup-travel-and-entertainment-expenses): How startups can track and control travel and entertainment costs. - [What documents do I need to open a U.S. business?](https://mercury.com/blog/documents-needed-to-open-a-us-business): A list of documents needed to start a business in the U.S. - [How to analyze a profit and loss (P&L) statement](https://mercury.com/blog/analyze-profit-loss-statement): A simple guide to understanding a report that shows how much money a business makes and spends. - [A founder's guide to 1099 filing](https://mercury.com/blog/how-to-prepare-for-1099-filing): What business owners need to know about sending 1099 tax forms to contractors. - [How to read a typical venture debt term sheet](https://mercury.com/blog/the-venture-debt-term-sheet): A beginner’s guide to understanding a venture debt loan offer for startups. - [What to know about paying taxes on my U.S. ecommerce business](https://mercury.com/blog/paying-taxes-on-a-us-business): A basic guide to tax rules for online businesses in the U.S. - [How to choose the best business credit card for your startup](https://mercury.com/blog/how-to-choose-best-corporate-credit-card-for-startup): What to look for when picking a business credit card. - [How to establish a strong business credit profile for your startup](https://mercury.com/blog/establishing-strong-business-credit): Steps to build good business credit for future loans and financing. - [Accelerating our ambitions](https://mercury.com/blog/series-c-announcement): Mercury's $300M Series C annoucement led by Sequoia Capital. Mercury is valued at $3.5B. ## Founder Resources - [Investor Database](https://mercury.com/investor-database): A free list of investors that founders can browse to find potential funding partners. - [Software Stack](https://mercury.com/raise/software-stack): A collection of recommended tools to help startups run and grow their businesses. - [Events](https://events.mercury.com/): Register for upcoming events hosted by Mercury. - [Mercury Tools](https://mercury.com/tools): A selection of free calculators, templates, and databases designed to help startup founders and small business owners operate more effectively. - [Free Invoice Generator](https://app.mercury.com/tools/invoice-generator): Create and download invoices in minutes - [SaaS Magic Number Calculator](https://mercury.com/tools/saas-magic-number-calculator.md): Quickly find out how efficiently your SaaS company grows revenue from sales and marketing spending. - [Cash Burn Rate Calculator](https://mercury.com/tools/cash-burn-rate-calculator.md): Easily calculate how fast your company is spending its cash. - [Profit Margin Calculator](https://mercury.com/tools/profit-margin-calculator.md): Find out how much profit your business makes from its sales. - [Free SAFE Generator](https://mercury.com/safe.md): Create a simple agreement for future equity (SAFE) for startup funding. - [Balance Sheet Template](https://mercury.com/tools/balance-sheet-template.md): A ready-to-use template to list your company’s assets, liabilities, and equity. - [Ecommerce Income Statement Template](https://mercury.com/tools/ecommerce-income-statement-template.md): A template to track income and expenses for an online store. - [SaaS Income Statement Template](https://mercury.com/tools/saas-income-statement-template.md): A simple template to record revenue and costs for a SaaS business. - [Agencies and Consulting Firms Income Statement Template](https://mercury.com/tools/consultants-agency-income-statement-template.md): A template to track profits and expenses for agencies and consulting firms. ## More information about the Mercury banking platform - [Our Story](https://mercury.com/about): Information about Mercury including why the company exists and the company vision. - [How Mercury Works](https://mercury.com/how-mercury-works): A visual diagram, with accompanying text, explaining of how Mercury works. - [Security](https://mercury.com/security): The security features that come with a Mercury account. - [Perks](https://mercury.com/perks): Mercury deals on tools for your startup. - [API](https://mercury.com/api): APIs that come with every Mercury account. - [Pricing](https://mercury.com/pricing): Mercury's pricing model. - [Partnerships](https://mercury.com/partnerships): Different partnership opportunities with Mercury, including affiliate, referral, integration, venture capitalists, startup accelerators and accounting and legal services. - [Careers at Mercury](https://mercury.com/jobs): Open career opportunities at Mercury, and reasons to work for Mercury. - [Legal](https://mercury.com/legal/terms): Mercury Terms of Use - [Privacy Policy](https://mercury.com/legal/privacy): Mercury B2B Privacy Policy ## Developer Documentation - [Welcome to Mercury's API docs](https://docs.mercury.com/reference/welcome-to-mercury-api): API documents that provide the available endpoints and example code for using the API. - [API Token Security Policies](https://docs.mercury.com/reference/api-token-security-policies): Information on token downgrades, IP whitelists and scopes. - [Bank Account Information Retrieval](https://docs.mercury.com/reference/accounts): Retrieve information about all your bank accounts. - [Recipients Information Retrieval](https://docs.mercury.com/reference/recipients-1): Retrieve information about all of your recipients. - [Statements](https://docs.mercury.com/reference/accountidtransactiontransactionid-copy): Download an account statement PDF document. - [Treasury information Retrieval](https://docs.mercury.com/reference/treasury-1): Retrieve information on your Treasury account, including available balance and account status. - [Business Credit Card Information Retrieval](https://docs.mercury.com/reference/credit-1): Retrieve information on your business credit card, including available and current balance. - [Integrations with OAuth2](https://docs.mercury.com/reference/integrations-with-oauth2): Information on how to get access to OAuth2 to integrate with Mercury's platform.