Company News

The Mercury 2021 Recap


By: Meghna Rao
December 14, 2021

Another year is winding down and we’re reflecting on some of our favorite moments of 2021. We’re grateful to have had our customers with us along the way.

2021 in numbers

$120M

Raised a $120M Series B at a $1.6B valuation

137,000

Wires sent around the world

8,000

Debit cards issued

5,000

Our new Android app has over 5,000 downloads so far

19M

Over $19M raised by startups in Mercury Raise

63,000

Had over 63,000 companies use Mercury

We built new things

  • Capital Guide connects founders to financing recommendations.
    • About $10M has already been funded to founders since November
  • Our Investor Database helps founders build their investor pipeline.
  • Our Raise programs have connected 1,616 founders to funding & community.
    • $18.2M raised through Raise Seed
    • 21 companies attended our first Raise A event in October
  • Your team can operate how you want it to with card only user permission tiers and auto transfers. And all your Android teammates can join the work-from-phone club, too.
  • Plus, we launched our startup and ecommerce guides to help you think through tough questions like splitting equity between founders.
  • And we made some great product updates:
    • We added read-only tokens to our APIZapierintegrations let you connect your favorite third-party apps.
    • Customize your debit card by adding your business name.
    • Enjoy improved transactions details and enable monthly transaction limits.
    • Use our iOS app for domestic wires and get push notifications on important changes.

You also built new things

We're happy to celebrate with you.

Graviti is getting necessary home appliances to unbanked LatAm populations. Tag raised Pakistan’s largest seed round of $12M at a $100M valuation. Raycast was #1 product of the day on ProductHunt.

And it’s all from a strong foundation

We now have 201 Mercury employees in 39 cities, including San Francisco, NYC, Portland, Toronto, Nashville, and even Copenhagen.

Every employee gets a unique callsign. This year 119 new callsigns were given.

Callsigns added this year, with text that says '119 new callsigns'

Each employee also gets a wellness budget. Here are some things we spent it on:

Assorted images of wellness spend, mostly travel and excursions plus one cozy sweater

We had four hackdays this year: We built a site to showcase how we think about design, created a demo of our full product suite, and even made high-caliber cross stitches.

Cross stitch of the Mercury logomark

And we really enjoy pets.

Pictures of the pets of Mercury, some in costume

Clockwise from top left: Caspia, Blue, Violet, Marcy, Barb, Lilly


We’re proud of our community and team for everything we’ve accomplished together. And we’re excited for what’s to come: more ways for founders to access capital, more nuanced card management, and many more surprises.

Disclaimers and footnotes

    Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. Deposit insurance covers the failure of an insured bank.