Mercury at a glance (as of November 2025):
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Mercury at a glance (as of november 2025): * 200,000+ customers * $650M in annualized revenue * 3 years of GAAP profitability * 1 in 3 U.S. startups use Mercury.[2] A charter will extend what makes Mercury distinct: a single platform that helps you accomplish everything you want with your money. Operating under direct regulatory oversight, and innovating with the discipline required of a national bank, will strengthen the trust Mercury has already built with customers. "Becoming an FDIC-insured national bank aligns with our long-term vision and will allow Mercury to deliver a better customer experience at scale," said Immad Akhund, co-founder and CEO of Mercury. "We've built Mercury for ambitious companies and individuals. Once we receive regulatory approval, a charter will let us deliver greater stability, long-term confidence, and trust, while continuing to redefine what radically different banking means." These filings are the start of its official engagement with regulators to open and operate a national bank. For customers, nothing changes today. Mercury will continue working closely with its partner banks while building new products, improving the experience, and laying the groundwork for the future. Mercury also announced the appointment of Jon Auxier as Chief Banking Officer of Mercury and the proposed CEO and President of Mercury Bank, subject to approval of...
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