Fintech company Mercury completes $200 million financing, led by TCV
By: rootdata|2026/05/20 20:45:01
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According to CNBC, fintech company Mercury announced the completion of a new round of financing of $200 million, led by TCV, with participation from institutions such as Sequoia Capital, Andreessen Horowitz (a16z), and Coatue Management.
Mercury primarily provides banking services for startups, currently serving over 300,000 clients and achieving approximately $650 million in annualized revenue. The company stated that the recent AI startup boom has significantly driven the demand for new company registrations and account openings, becoming an important driver of its growth.
At the same time, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) and plans to apply for a federal banking license to expand its lending and payment network (such as Zelle) access capabilities, while reducing reliance on partner banks. The company's founder stated that the future goal remains to go public rather than being acquired.
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