Mercury Fintech Series D Funding and $5.2 Billion Valuation
The San Francisco-based fintech startup Mercury raised $200 million in a Series D funding round led by TCV, achieving a valuation of $5.2 billion and receiving conditional approval for a national bank charter.
Aggregated from 7 sources · Updated 31 Jul 2026, 04:05 UTC (UTC)
Coverage Balance
7 sourcesBlindspot Alert: Center Gap
This event is primarily covered by one side of the political spectrum. Niche or counter-narrative facts may be underrepresented.
Facts (10)
- Established
Mercury secured $200 million in Series D funding, bringing its total primary and secondary funding to approximately $700 million.
- Established
The funding round was led by TCV and included participation from Sequoia Capital, Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, and Spark Capital.
- Established
Mercury reached a post-money valuation of $5.2 billion, representing a 49% increase from its previous $3.5 billion valuation 14 months prior.
- Established
The Office of the Comptroller of the Currency (OCC) granted Mercury conditional approval to establish Mercury Bank, N.A. as a federally regulated national bank.
- Established
Mercury reported annualized revenue of $650 million and four consecutive years of profitability on a GAAP net income and EBITDA basis.
- Established
Mercury serves more than 300,000 customers, including approximately one in three startups in the United States.
- Emerging
Account applications in the first quarter of 2026 were 2.5 times higher than the first quarter of 2025.
- Emerging
The company acquired the startup Central to integrate AI-based payroll features into its platform.
- Emerging
Mercury plans to launch Mercury Command later in 2026, a tool intended to allow users to perform banking tasks via natural language prompts.
- Attribution
CEO Immad Akhund stated that the company has no current plans for further fundraising due to its profitability and strong growth in 2025.