That's up 49% from the $3.5 billion valuation it achieved when announcing its $300 million Series C ' which included primary and secondary funding ' in March of 2025. The latest capital infusion brings San Francisco-based Mercury's total primary and secondary funding to approximately $700 million since its 2017 inception. Interestingly, Mercury recently received conditional approval from the banking regulator, the OCC, to establish its own bank. This is in contrast to many fintechs, which typically work with a sponsor bank but are not banks themselves. 'AI is collapsing the friction between an idea and a company faster than anything I have seen in my career,' Immad Akhund, co-founder and CEO of Mercury, said in a press release. 'We are going to see more founders in the next five years than in the last twenty. But legacy banking in 2026 still works the way it did when I started my first company in 2006. I started Mercury because banking should do more than be a vault, it should help...
learn more
