Banking services for startups
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Mercury's mission is to make scaling tech companies simpler with a personalized banking stack for startups, and power the next generation of companies that will shape the American industry.
SoMa, San Francisco, CA
CEO of Otta
Mercury was founded after its co-founders were fed up with the traditional banking services offered to entrepreneurs, which were static, low-technology, and had heavy fees. It solves this problem by automating business payment processes and offering FDIC-insured accounts, all with full API access.
Unlike most traditional startup banking services, it offers free versions to entrepreneurs and doesn't earn revenue through premium accounts. The monthly revenue from Mercury's biggest clients compensates for the lack of revenue from smaller companies.
Up to now, startup banking has been one of the least innovative industries, but Mecurity is disrupting the sector. It already has 100,000 businesses using its platform, and hit unicorn status with a $1 billion valuation in 2021. Mercury is adding to its team and building more products as it aims to continue to take the market by storm.
Last 2 fundraises
This company has top investors
Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.
Graduated from the University of Cambridge, then worked as a Software Developer at Aquila and Bloomberg. Also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.
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Mercury is hiring for 24 jobs on Otta!
Operations & Strategy
Finance, Legal & Compliance