Mercury Raises $200 Million Series D at $5.2 Billion Valuation to…

Team S · 2026-05-21T15:03:26.000Z

San Francisco-based fintech company Mercury has secured $200 million in Series D funding at a $5.2 billion valuation as it accelerates its push to become the leading banking platform for AI-native startups and modern businesses. The round was led by TCV, with participation from existing investors Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital. Founded by Immad Akhund, Jason Zhang, and Max Tagher, Mercury provides digital banking, payments, treasury, cards, invoicing, and financial operations infrastructure tailored for startups and technology companies. The company says it now serves more than 300,000 customers, including one in three U.S. startups. Mercury stated that the fresh capital will support expansion of its AI-powered financial operations platform, deeper banking infrastructure, and development of intelligent financial workflows designed for the next generation of AI-driven businesses. The company recently also received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, a fully chartered national bank. The company has increasingly positioned itself as a core operating system for startups by integrating banking, spend management, treasury, accounting workflows, and AI-assisted financial tooling into a unified platform. Mercury reported $650 million in annualized revenue and four consecutive years of profitability. The funding highlights continued investor confidence in fintech infrastructure platforms serving AI startups, digital-first businesses, and next-generation enterprise ecosystems.

Member Login Get Access

Mercury Raises $200 Million Series D at $5.2 Billion Valuation to… | Newnex