Mercury
Banking services for startups
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Company mission
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.
Employees
501-1000
HQ Location
SoMa, San Francisco, CA
OTTA INSIGHTS
Some candidates hear
back within 2 weeks
50% employee growth in 12 months
Otta's take on Mercury
Sam Franklin
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.
Total funding - $150.9m
Last 2 fundraises
Sep 2019
$20m
SERIES A
Jul 2021
$120m
SERIES B
This company has top investors
Company benefits
- Health/Dental/Vision
- Custom equipment setup
- 401(K) matching
- 12-weeks parental leave
- Book budget
- Wellness benefits
- Grocery budget
- Paid lunch
- Personalized callsign
- Unlimited vacation policy (with mandatory minimum)
- (Subjectively) cool t-shirts and jackets
- Certified Great Place to Work™
Company values
- Think actively
- Be super helpful
- Act with humility
- Appreciate quality
- Maximize efficiency
- Focus on product
Articles
Founders
Jason Zhang
(COO)Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.
Immad Akhund
(CEO)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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Sign in or sign upMercury is hiring for 24 jobs on Otta!
Software Engineering
People, HR, Recruitment
Operations & Strategy
Finance, Legal & Compliance
Sales & Account Management
