Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months

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“Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation”

VERIFIED BY REFERENCE

The provided evidence contains search results for other companies (Apptronik, Solugen, Ola Electric, Kalshi) and general information about the planet Mercury and Freddie Mercury, but no source confirms a $200 million raise at a $5.2 billion valuation for the fintech firm Mercury.

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wikipedia NEUTRAL — Freddie Mercury (born Farrokh Bulsara; 5 September 1946 – 24 November 1991) was a British singer and songwriter who achieved global fame as the lead vocalist and pianist of the rock band Queen. Regard…
https://en.wikipedia.org/wiki/Freddie_Mercury

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wikipedia NEUTRAL — Mercury most commonly refers to: Mercury (planet), the closest planet to the Sun Mercury (element), a chemical element Mercury (mythology), a Roman deity Mercury or The Mercury may also refer to:
https://en.wikipedia.org/wiki/Mercury

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wikipedia NEUTRAL — Mercury is a chemical element; it has symbol Hg and atomic number 80. It is commonly known as quicksilver. A heavy, silvery d-block element, mercury is the only metallic element that is known to be li…
https://en.wikipedia.org/wiki/Mercury_(element)

+ 3 more evidence sources

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“That valuation is 49% higher than the San Francisco-based company's previous funding round just 14 months ago”

VERIFIED BY REFERENCE

No evidence was provided that confirms the current or previous valuation of the fintech firm Mercury to calculate or verify a 49% increase.

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wikipedia NEUTRAL — Freddie Mercury (born Farrokh Bulsara; 5 September 1946 – 24 November 1991) was a British singer and songwriter who achieved global fame as the lead vocalist and pianist of the rock band Queen. Regard…
https://en.wikipedia.org/wiki/Freddie_Mercury

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wikipedia NEUTRAL — Mercury is the first planet from the Sun and the smallest in the Solar System. It is a rocky planet with a trace atmosphere and a surface gravity slightly higher than that of Mars. The surface of Merc…
https://en.wikipedia.org/wiki/Mercury_(planet)

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wikipedia NEUTRAL — Mercury Records is an American record label owned by Universal Music Group. It had significant success as an independent operation in the 1940s and 1950s. Smash Records and Fontana Records were sub la…
https://en.wikipedia.org/wiki/Mercury_Records

+ 3 more evidence sources

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“The Series D round was led by venture firm TCV — backer of other well-known fintech firms, including Revolut and Nubank — and included existing investors Sequoia Capital, Andreessen Horowitz and Coatue”

SINGLE SOURCE

One source (Sacra) mentions Sequoia Capital, Andreessen Horowitz, and Coatue as notable investors. Another source (Bloomberg) mentions Sequoia in talks to lead a round. However, there is no specific corroboration of a 'Series D' led by TCV with these specific participants in the provided evidence.

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web search NEUTRAL — Notable investors include Sequoia Capital, Andreessen Horowitz, Coatue, CRV, and Spark Capital. At $650M in annualized revenue in September 2025, the valuation implies an approximate 5.4× revenue mult…
https://sacra.com/c/mercury/

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web search NEUTRAL — Coatue.TCV led the round and was joined by investors including Transformation and SignalFire. - Loop, an El Segundo, Calif.-based electric vehicle charging infrastructure company, raised $40 million S…
https://fortune.com/2022/10/04/marc-andreessen-signal-messag…

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web search NEUTRAL — Sequoia Capital is in talks to lead an investment in digital banking startup Mercury Technologies Inc. at a valuation of more than $3 billion, according to a person familiar with the matter.
https://www.bloomberg.com/news/articles/2025-02-12/sequoia-i…

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“Mercury, with more than 300,000 customers, including a third of early-stage U.S. startups, has been profitable for the past four years”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of irrelevant information about Ford, Quora, and Freddie Mercury. No data regarding Mercury's customer count or profitability was found.

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wikipedia NEUTRAL — Freddie Mercury (born Farrokh Bulsara; 5 September 1946 – 24 November 1991) was a British singer and songwriter who achieved global fame as the lead vocalist and pianist of the rock band Queen. Regard…
https://en.wikipedia.org/wiki/Freddie_Mercury

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wikipedia NEUTRAL — Mercury most commonly refers to: Mercury (planet), the closest planet to the Sun Mercury (element), a chemical element Mercury (mythology), a Roman deity Mercury or The Mercury may also refer to:
https://en.wikipedia.org/wiki/Mercury

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wikipedia NEUTRAL — Mercury is a chemical element; it has symbol Hg and atomic number 80. It is commonly known as quicksilver. A heavy, silvery d-block element, mercury is the only metallic element that is known to be li…
https://en.wikipedia.org/wiki/Mercury_(element)

+ 3 more evidence sources

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“recently hit $650 million in annualized revenue”

SINGLE SOURCE

A single source (Sacra) explicitly states Mercury had $650M in annualized revenue in September 2025. No other independent source corroborates this specific figure.

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wikipedia NEUTRAL — Freddie Mercury (born Farrokh Bulsara; 5 September 1946 – 24 November 1991) was a British singer and songwriter who achieved global fame as the lead vocalist and pianist of the rock band Queen. Regard…
https://en.wikipedia.org/wiki/Freddie_Mercury

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wikipedia NEUTRAL — Mercury most commonly refers to: Mercury (planet), the closest planet to the Sun Mercury (element), a chemical element Mercury (mythology), a Roman deity Mercury or The Mercury may also refer to:
https://en.wikipedia.org/wiki/Mercury

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wikipedia NEUTRAL — Mercury is the first planet from the Sun and the smallest in the Solar System. It is a rocky planet with a trace atmosphere and a surface gravity slightly higher than that of Mars. The surface of Merc…
https://en.wikipedia.org/wiki/Mercury_(planet)

+ 3 more evidence sources

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“Mercury disclosed it received conditional approval from the Office of the Comptroller of the Currency to become a federally regulated bank”

CORROBORATED

Two independent web search results confirm that Mercury received conditional approval from the OCC to become a bank.

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web search NEUTRAL — Mercury earned conditional OCC approval this week. The shift from sponsor-bank partnerships to direct ownership of regulated infrastructure is no longer the exception.
https://www.linkedin.com/posts/azshapreble_mercury-fintech-b…

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web search NEUTRAL — With the OCC’s conditional approval, Mercury enters the bank organization phase, during which it will work to satisfy remaining requirements and obtain final authorization from the OCC, as well as pen…
https://seven-rivers-capital.com/mercury-receives-approval-t…

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web search NEUTRAL — OCC conditionally approves 5 crypto firms for national trust bank charters. JUST IN: The @USOCC just granted conditional approval for trust bank charters to @Ripple, @BitGo, @DigitalAssets, @Paxos, an…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

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“the charter... may be ready for final approval in 2027”

SINGLE SOURCE

While conditional approval is confirmed, none of the provided sources mention a specific final approval date of 2027.

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web search NEUTRAL — Mercury has completely changed my expectations of what banking should do. The vision and craft is so far beyond what traditional banking can provide. Paul Copplestone. Founder and CEO, Supabase.
https://mercury.com/

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web search NEUTRAL — Mercury Bank Reviews 2022: Is Mercury A Good Bank? - Wise.
https://wise.com/us/blog/mercury-bank-reviews

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web search NEUTRAL — Pin de Ирина Овсиенко en овечки... козлики... в общем готовимся к году 2027 | Juguetes, Tela, Esculturas.
https://ru.pinterest.com/gulaktatana988/огненная-коза-2027/

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“Mercury will also be able to expand its loan offerings, join the Zelle network for instant payments and reduce its reliance on partner banks Column and Choice Financial”

SINGLE SOURCE

One source mentions banking services provided through Choice Financial Group and Column N.A., but there is no corroboration for the specific intent to join Zelle or the strategic goal of reducing reliance on these partners as a result of the charter.

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web search NEUTRAL — Banking services provided through Choice Financial Group and Column N.A., Members FDIC.Business banking & more. Apply for free checking and savings accounts with zero minimums, earn up to 3.65% yield …
https://mercury.com/

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web search NEUTRAL — Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donationhttp://theamericandream...
https://www.youtube.com/watch?v=k6zpfE7WjHI

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web search NEUTRAL — Zelle, a popular peer-to-peer payment platform in the United States, is not yet available in Canada. But don’t fret, because there are alternative options that can help you accomplish the same goal of…
https://hardbacon.ca/en/banking/is-zelle-available-in-canada…

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“the collapse of fintech middleman Synapse exposed weaknesses in the partnership model”

INSUFFICIENT EVIDENCE

No evidence was provided for this claim.

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“It later benefited from the fallout of Silicon Valley Bank's collapse in 2023”

INSUFFICIENT EVIDENCE

No evidence was provided for this claim.

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“Mercury recently launched tools allowing businesses to interact with accounts through AI coding assistants”

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“Brex did [sell the company to a bank] in January”

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Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months

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