qwant news | Mercury Raises $200M Series D Funding, at $5.2B Valuation

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Mercury, a San Francisco‑based fintech that provides a financial operating system for startups, e‑commerce brands, and small businesses, announced a $200 million Series D round that values the company at $5.2 billion, bringing its total funding to roughly $700 million. The round was led by TCV with participation from Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital, and the capital will be used to expand operations and further product development. While traditionally operating as a neobank through partnerships with FDIC‑insured banks, Mercury is moving toward a fully chartered national bank after receiving conditional OCC approval, offering services such as a high‑yield Treasury account with expanded FDIC insurance, fee‑free checking and savings, the IO credit card with 1.5% cash back, spend‑control tools, AI‑powered bill pay and invoicing, integrations with QuickBooks, Xero and NetSuite, venture‑debt financing, and an investor‑matching database. The platform now serves more than 300,000 customers, including companies like Supabase, ElevenLabs, Lovable, Linear, Phantom, and Tempo.

Read more: https://www.finsmes.com/2026/05/mercury-raises-200m-series-d-funding-at-5-2b-valuation.html

#Mercury #TCV #AndreessenHorowitz #SequoiaCapital #OCC

US Top News and Analysis | Fintech firm Mercury hits $5.2 billion valuation after funding round, up 49% in 14 months

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Fintech firm Mercury raised $200 million in a Series D round, valuing it at $5.2 billion—a 49% jump from its previous funding, with the round led by TCV and participation from Sequoia Capital, Andreessen Horowitz and Coatue. The San‑Francisco‑based company, which serves over 300,000 startups and has been profitable for four years with $650 million in annualized revenue, recently secured conditional approval from the Office of the Comptroller of the Currency to become a federally regulated bank, allowing it to offer loans, join the Zelle network and reduce reliance on partner banks. CEO Immad Akhund attributed recent growth to an AI‑driven surge in new‑business formation and said Mercury will expand its AI‑powered financial tools, continue working with partner banks, and eventually aim for an IPO while building a strong independent brand.

Read more: https://www.cnbc.com/2026/05/20/fintech-mercury-valuation-fundraise-bank-charter.html

#Mercury #TCV #SequoiaCapital #AndreessenHorowitz #ImmadAkhund

Free Trees From The Conservation Volunteers (TCV): Elder
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Free Trees From The Conservation Volunteers (TCV): Dog Rose
https://www.tcv.org.uk/i-dig-trees-tree-library/dog-rose/

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Free Trees From The Conservation Volunteers (TCV): Common Oak
https://www.tcv.org.uk/i-dig-trees-tree-library/common-oak/

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TCV Summit 2022 - Bitcoin Mining

https://media.econoalchemist.com/videos/watch/4643f29b-113c-48d1-8804-ff594f674710