Is Mercury safe to use?

Yes, Mercury is a regulated financial service.

Featured

Neobanks Series C

Mercury

Q: What are the main features of Mercury?

Up to $5M FDIC insurance via sweep networks , Mercury Treasury yields up to 3.80% APY , AI-powered automated bill pay and categorization , Instant virtual card creation with custom controls , Real-time transaction monitoring and reconciliation

Q: What are the pros of using Mercury?

Zero monthly fees or minimums , Integrated financial operations platform , Rapid digital onboarding process , Strong sweep network deposit protection

Q: What are the cons of Mercury?

No phone support available , Restricted country limitations apply , Limited international banking features

Institutional-grade business banking infrastructure for ambitious startup founders

Available in 7 countries Last verified: Jan 2026

Open Mercury ↗

Open Mercury

Founded

2017

Users

200,000+

Total Funding

$452M

Employees

1,000-1,200

🏢 Company Overview

Headquarters

San Francisco, California, United States

CEO

Immad Akhund

Founder

Immad Akhund, Max Tagher, Jason Zhang

Funding Stage

Series C

Total Funding

$452M

Users

200,000+

Pricing

freemium

AML Compliant GDPR PCI DSS Payment License FDIC Insured Yes

ℹ️ About Mercury

Mercury is a San Francisco-based fintech company providing comprehensive banking services to over 200,000 startups and small businesses.

Founded in 2017 by Immad Akhund, Max Tagher, and Jason Zhang, Mercury operates through FDIC-insured partner banks Choice Financial Group and Column N. A. , offering up to $5 million in deposit protection via sweep networks.

The platform combines checking and savings accounts with integrated invoicing, bill pay, expense management, corporate credit cards with 1. 5% cashback, and Mercury Treasury yielding up to 3. 80% APY.

Trusted by one-third of newly funded startups and over 50% of Y Combinator cohorts, Mercury processed $156 billion in transaction volume in 2024 while maintaining eleven consecutive profitable quarters.