Mercury's website preview

Well Run profileThe Well Run 100 · #4 of 720

Position 4

Mercury

Business banking, cards, treasury and finance software for startups and SMBs

Pace
3:30/kmSprint5.5
Distance
Distance Marathon.
Open ops roles
4
Last week
#4
Move
Held
Peak
#4
Weeks in the 100
2
The Chart →
Rank and score over time
Board rank
#1#8#14#4Oct 18#4Oct 25
Pace score
02465.5Oct 185.5Oct 25

One point per Sunday re-rank, tracking since Oct 18. The lines fill in week by week.

Sprint 3:30/kmMercuryRamp
Race 4:05/km
Tempo 4:40/kmBrex
Steady 5:20/km
Warm-up 6:00/km
Cool-down 6:30/kmNovo
Mercury runs in the Sprint lane, alongside 1 rival. Rivals on Well Run sit in their own pace lanes; further right = more momentum. Tap one to open its page.Also competes with: Silicon Valley Bank (First Citizens), Relay
Revenue estimate
~$650M annualized revenue; profitable 4 yearscompany-stated · as of May 2026 cnbc.com ↗
Total raised
~$650M–$700M (est.: $500M through Series C per TechCrunch + $200M Series D; Seedtable lists $646M)see rounds ↓
Founded
2017
HQ
San Francisco, CA

Leadership

The problem

Founders need fast, modern banking and money tools without legacy-bank friction

What they do

Business banking, cards, treasury and finance software for startups and SMBs

Traction $650M annualized revenue; 300,000+ customers; profitable 4 years

Hiring trend

Open roles
77
Ops roles
4
Headcount
~1,800

Headcount +37.5% YoY (~1,800)

Hiring in

  • San Francisco
  • New York
  • United States
  • Remote

Funding

Last round
$200M
Stage
Series D
Date
May 2026

Led by TCV

Distance

Marathon · edge: hard to leave

Profitable four years, 300,000+ customers, and becoming a real bank.

Sources: Mercury Series D release (May 2026) ↗

Last checked Oct 25, 2026

News timeline

  1. Sep 2026Launches Books, free accounting built into Mercury banking aiforaccountants.substack.com ↗
  2. Jun 2026Launches Mercury Command for AI-driven financial work businesswire.com ↗
  3. May 2026Raises $200M Series D at $5.2B led by TCV; $650M annualized revenue cnbc.com ↗
  4. Apr 2026Gets OCC conditional approval for Mercury Bank, N.A. businesswire.com ↗
  5. Dec 2025Applies for OCC national bank charter and FDIC insurance businesswire.com ↗
  6. Mar 2025Raises $300M Series C led by Sequoia at $3.5B techcrunch.com ↗

Funding historyTotal raised ~$650M–$700M (est.: $500M through Series C per TechCrunch + $200M Series D; Seedtable lists $646M)

  1. May 2026Series D$200Mat $5.2BLed by TCV businesswire.com ↗
  2. Mar 2025Series C$300M (primary + secondary)at $3.5BLed by Sequoia Capital mercury.com ↗
  3. Jul 2021Series B$120Mat $1.62Btechcrunch.com ↗

Profile facts checked Oct 19, 2026. Every fact links to its public source.

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