Mercury launches two exclusive cash funds, deepening its $5.2B platform play

{
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  "signal_type": "news",
  "signal_subtype": "launches",
  "detected_at": "2026-08-18T16:09:04+00:00",
  "company": {
    "name": "Mercury",
    "domain": "mercury.com"
  },
  "data": {
    "url": "https://app.dealroom.co/news/note/mercury-launches-two-exclusive-cash-funds-deepening-its-5-2b-platform-play",
    "title": "Mercury launches two exclusive cash funds, deepening its $5.2B platform play - Dealroom",
    "excerpt": "What's the deal? Business banking fintech Mercury launched two Mercury-only investment funds, partnering with Morgan Stanley Investment Management and State Street Investment Management . The funds let customers earn yield on idle cash while keeping that money on Mercury's platform. How it works: Customers access the funds through Mercury Treasury, the company's service for investing excess business cash. To qualify, businesses must hold at least $250,000 on the platform, with an annual management fee of 0.15% to 0.60% - larger balances pay less. MCRYX, an ultra-short bond fund from Morgan Stanley, is available with a net annual yield of up to 3.88%. That maximum applies only to customers holding more than $20 million in deposits. MRGXX, a share class of State Street's government money-market fund, is expected in the weeks following the August 2026 launch. What could go wrong? Unlike a savings account, the investments are not FDIC-insured and may lose value. MCRYX has a floating net asset value and carries principal risk, though the funds are built for liquidity - same-day access for the State Street fund and next-day for Morgan Stanley. Chief financial officer Dan Kang said Mercury limited risk by picking lower-risk investments. “We want to make sure that the portfolios that we put forward really, really make sense, that they're safe and sound,” he said. Why funds, not...",
    "product": "MCRYX",
    "summary": "Business banking fintech Mercury launched MCRYX, an ultra-short bond fund, in partnership with Morgan Stanley Investment Management.",
    "planning": false,
    "image_url": "https://webshotter.dealroom.co/?width=1600&height=800&wait_until=networkidle0&url=https%3A%2F%2Fapp.dealroom.co%2Fnews%2Fnote%2Fmercury-launches-two-exclusive-cash-funds-deepening-its-5-2b-platform-play%3Fscreenshot%3Dtrue",
    "confidence": 0.9,
    "product_data": {
      "name": "MCRYX",
      "full_text": "MCRYX, an ultra-short bond fund from Morgan Stanley",
      "fuzzy_match": false,
      "release_type": "fund"
    },
    "published_at": "2026-08-18T16:09:04Z",
    "article_sentence": "MCRYX, an ultra-short bond fund from Morgan Stanley, is available with a net annual yield of up to 3.88%.",
    "related_company_name": "Morgan Stanley Investment Management",
    "related_company_domain": "morganstanley.com"
  }
}

curl https://signals.autobound.ai/v1/signals/355d8b33-a1b4-0052-0447-d6f1cb3ed180 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"mercury.com","limit":20}'