Key Metrics
Valuation
~$5.2B
Company Snapshot
Mercury is based in San Francisco, United States, founded 2017. Latest valuation ~$5.2B (As of May 2026, CNBC — Fintech Mercury hits $5.2B valuation, up 49% in 14 months).
Recent changes
- May 20, 2026May 20, 2026Raised $200M SEC EDGAR Form D
- May 2026May 2026First reported valuation: ~$5.2BEstimated CNBC — Fintech Mercury hits $5.2B valuation, up 49% in 14 months
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 20, 2026 | funding round | $200M | — | SEC EDGAR Form D |
Investors
Value Add Research
Related Companies
Trace's Take
Mercury going from $3.5B to $5.2B in 14 months while its closest comp, Brex, got sold off to Capital One at a discount is the clearest signal in fintech right now: banking-as-software for startups still works when a company keeps its underwriting discipline and doesn't over-expand upmarket. Akhund saying he doesn't plan to raise again is a statement of confidence — Mercury is generating real yield on $20B+ in deposits, which is a far more durable moat than venture cash. Watch whether it can keep growing transaction volume cuts compress the deposit-interest line that's been propping up fintech-bank economics industry-wide.
Sources & methodologyshow
Where these figures come from
- SEC EDGAR Form Dprimary source1 fact
- CNBC — Fintech Mercury hits $5.2B valuation, up 49% in 14 monthsmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.