When Immad Akhund, Jason Zhang and Max Tagher founded Mercury in 2019, the goal was straightforward, which was to build a banking platform that actually works for startups. Traditional banks weren’t designed for tech founders who needed automated cash flow management, seamless integrations, and financial tools built for high-growth businesses. Akhund, who previously co-founded Heyzap and sold it for $45 million, knew firsthand how frustrating startup banking could be. Instead of waiting for a solution, he built one himself.
Now, Mercury has become a go-to banking partner for startups, processing over $156 billion in annual transactions, a 64% increase from the previous year. The company boasts over 200,000 business customers, spanning tech startups, e-commerce brands, venture capital
Mercury Doubles Valuation to 3.5 Billion with 300 Million Series C
- By Anshika Mathews
- Published on
Mercury began with the vision that banking should do more than safely hold money – it should bring all the ways people and businesses use money into a single product that feels extraordinary to use.
