Mercury Technologies, Inc.

Mercury was founded in 2017 by Immad Akhund, Max Tagher, and Jason Zhang to build banking infrastructure tailored to startups. The product offers business checking and savings accounts, debit and credit cards, wire and ACH transfers, and treasury and venture-debt products, with FDIC-insured deposits held through partner banks Choice Financial Group, Column N.A., and Evolve Bank & Trust.

The company serves over 200,000 startups and growth-stage companies. Mercury raised a $300M Series C in 2025 led by Sequoia Capital and Spark Capital at a reported $3.5 billion valuation, after raising prior rounds from Andreessen Horowitz, CRV, and Coatue.

Mercury is headquartered in San Francisco and operates as a financial technology company rather than a chartered bank.